US Dollar

The rupee fell 14 paise to 77.69 per US dollar. Money market participants are currently closely watching the domestic share market for clues to fund flows. An expectation of tightening monetary policy rates in the US also weighed on the rupee as any rate hike in the advanced markets typically follows with fund outflows from the emerging markets in order to accumulate higher returns.

The Indian currency is weighed by the strength of the American currency in the overseas market and continued foreign fund outflows. Foreign institutional investors were net sellers in the capital market on Friday, as they offloaded shares worth Rs 5,517.08 crore, as per stock exchange data.

The foreign currency assets (FCAs), the largest component of the forex reserves, got negatively impacted due to the rising US dollar strength against other global currencies. The FCAs consist of global currencies and securities such as US treasury bonds. As per the RBI data, the FCAs edged lower by $10.727 billion to $539.727 billion.

The foreign currency assets (FCAs), the largest component of the forex reserves, got negatively impacted due to the rising US dollar strength against other global currencies. The FCAs consist of global currencies and securities such as US treasury bonds. As per the RBI data, the FCAs edged lower by $10.727 billion to $539.727 billion.

On Friday, the rupee closed at 75.80 to a greenback. Lately, high commodity prices, as well as outflow of foreign funds from equity markets have weakened the Indian rupee against the US dollar. The rising prices of crude oil, along with other commodities triggered by the Russia-Ukraine war has kept pressure on the rupee.

Russia has banned its citizens from buying US dollars, completing the isolation of an economy that once had ambitions to join the global club of financial powers, CNN reported. As recently as the 2008 global financial crisis, Russian President Vladimir Putin and his lieutenants had promoted the ruble as a potential alternative to the US dollar, arguing that it should be an integral part of the global financial system. Russia would become one of the world's five biggest economies, they had claimed.

"The Russian economy almost permanently exists in conditions of increased sanctions risks. We proceed from the fact that the domestic market and foreign economic relations of the country are gradually adapting to changing circumstances," Ria Novosti quoted him as saying. Birichevsky added that Russia has the necessary margin of safety to adjust its own financial policy, and also soberly assesses the risks of sanctions.

High commodity prices as well as outflow of foreign funds from equity markets dragged Indian rupee to a new record low against the US Dollar. Accordingly, rising prices of crude oil along with other commodities triggered by the Russia-Ukraine war had kept a weak pressure on the rupee.

The Bank of Russia said it raised the rate to 20 per cent from 9.5 per cent to help cushion the impact on prices of the rouble's slide, the report said. The move came after Western nations announced new sanctions against Russia over its invasion of Ukraine. The Russian currency hit a new record low after some of the country's banks were banned from using the Swift international payment system, BBC reported.

Losses owing to digital advertising fraud are set to reach a whopping $68 billion globally this year, rising from $59 billion in 2021, a new report showed on Monday. Top five countries most impacted by advertising fraud -- the US, Japan, China, South Korea and the UK -- together account for 60 per cent of global digital advertising spend losses, says Juniper Research.