As requested by John, we are explaining the impact of Capital inflows on Exchange Rate, Inflation and Stock Market Index.

When more capital flows into the country, the currency appreciates in value and the inflation increases.

This is because as the the supply of more dollars in the economy increases, it is bound to decrease its price. So if one dollar used to cost 40 rupees, then if the supply of dollars will increase, the price of dollar will go down to say 39 rupees.

Also with more dollar flowing into the market, there will be too much money chasing too few goods and services, i.e. excess demand of goods and services, which will increase inflation.

Also, when more money flows into the country in the form if FII, that increases the investment into the securities of companies listed on the stock exchanges. This leads to appreciation of the value of the securities as a result of increase in their demand. And as the value of individual or important securities increase, the stock market index as a whole will also rise accordingly.