The rupee opened weak at 71.07 at the interbank forex market and fell further to 71.12, down 4 paise over its last close.

At the interbank foreign exchange, the rupee opened at 70.98 then fell to 71.00 against the dollar, showing a decline of 7 paise over its previous closing.

Forex traders said, the rupee along with other Asian currencies weakened after reports surfaced that tariffs on billions of dollars in Chinese goods will stay in place until after the US presidential election in November.

Share Market Update: IndusInd Bank, Tata Steel, UltraTech Cement, SBI, Infosys, Axis Bank and ICICI Bank were the among the top losers. On the other hand, Titan, Hero MotoCorp, Tech Mahindra, Nestle and Sun Pharma were the top gainers.

Edelweiss Financial Services chairman Rashesh Shah had earlier stated in a filing that the FEMA violation allegations were false and that the company would fully cooperate in the investigation

Michael Debabrata Patra will serve for three years as the RBI Deputy Governor. He will take over the position lying vacant after Viral Acharya's exit last year

Share Market Update: BSE Sensex climbed to the intraday as well as its lifetime high of 41,994.26 and Nifty breached earlier 12,337 level to hit 12,374.25 as its fresh all-time high.

Recovering from a 5% fall, shares of Edelweiss Financial Services climbed 8.02% to an intraday high of Rs 114.5 on BSE. The stock traded in a wide range of Rs 13.7 today.

Share Market Update: Infosys was the top gainer today, rising 4% on NSE. On the other hand, YES Bank was the top loser today with shares of the lender declining over 8%

The company admitted it has received a communication (not a summons for Rashesh Shah to appear personally) from the ED to appear and provide information about Edelweiss Group companies' dealings with a company called Capstone Forex

Reacting to the news, share price of Edelweiss Financial Services plunged as much as 9.98 per cent to hit an intraday low of Rs 105.50 against previous close price of Rs 117.20 on the BSE

Share Market Update: In terms of sector, except private banking, all the other indices traded higher today, with metal and realty indices gaining 1% each.

The textile industry in Tamil Nadu is facing a crisis due to the economic slowdown and fall in exports, forcing many spinning mills and weavers to cut production as well as workforce

The domestic unit started the session on a positive note and held its ground in early transactions at the Interbank Foreign Exchange

Forex traders said spike in crude oil prices was largely a knee-jerk reaction to the rising tensions between the US and Iran.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and the yen held in the forex reserves

Forex traders said crude oil prices surged after US President Donald Trump ordered the killing of Iran Revolutionary Guards commander Qasem Soleimani.

Share Market Update: Domestic indices followed global markets that erased early gains on Friday in wake of sharp spike in crude prices after a US strike eliminated a top Iranian commander.

At the interbank foreign exchange, the rupee opened at 71.27 then fell to 71.33 against the dollar, showing a decline of 11 paise over its previous closing.

Share Market Update: Sensex ended 322 points higher at 41,617, and Nifty50 too closed 100 points higher at 12,282.