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Below the Quote on FPI By Dr. V K Vijayakumar ,Geojit Financial Services & Alchemy Capital Management 

"The relentless FII selling in the cash market continued last week. FIIs have been sellers on all days this month except January 2nd. So far, through 17th January FIIs have sold equity for Rs 45498 crores through the stock exchanges. They bought for Rs 1101 crores in the primary market. (Source: NSDL)

The principal reasons for the sustained FII selling are the strength of the dollar and the rising bond yields in the US. With the dollar index above 109 and the 10-year US bond yield above 4.6%, it is logical for FIIs to sell in emerging markets, particularly in the most expensive emerging market India.
 
Since US bond yields are attractive, FIIs have been sellers in the debt market, too. A reversal of the FII flows will happen only after the market signals peaking of the dollar and US bond yields followed by their decline. This, in turn, will depend on President Trump’s tariff policies which presently are not yet clear."

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