The 62-year-old Nationalist Congress Party leader was taken into custody shortly before 3 pm after he was questioned for about six hours at the ED office in south Mumbai's Ballard Estate area.
Forex dealers said besides fresh demand from importers for the American unit, a lower opening in the domestic equity market as well as decline in industrial production growth to 4-month low of 0.5 per cent in July, put pressure on the rupee.
Foreign fund inflows and a higher opening in the domestic equity market supported the domestic unit
The gains were capped due to month-end dollar demand from importers, mainly oil firms
The rupee extended gains for the second straight session against the US currency by firming up 21 paise to close at 64.82 a dollar.
HDFC, ONGC, Maruti Suzuki, HeroMoto Corp and Bajaj Auto gained the most on BSE Sensex
Ongoing trade-war rhetoric between the US and China added some nervousness on the trading front coupled with extremely bullish dollar sentiment overseas.
The rupee recovered 14 paise to 66.40 against the dollar in early trade on Monday.
A widening probe by US authorities involving top drug companies following complaints of price fixing of generics was a point of worry for the participants, said analysts.
The government can also individually exempt the PSBs, that are to be privatisated from the two Bank Nationalisation Acts. This will bring such lenders under Banking Regulation Act, and make them companies, reports Nikunj Ohri.
Amid slowing growth and low interest rates, investors will need to focus on stock-picking, suggests John Remmert.
'It was because of the huge selloff in the Indian equities that the rupee fell so sharply against the dollar on Friday.'
The minister further said the rupee will regain the ground it lost against other currencies in the past few days.
By piling more pressure on governments, central banks risk not accomplishing much and yet provoking a political backlash that could threaten their independence.
Hiccups in Chinese economy and the overall strength of the dollar will continue to be a drag on the rupee in the coming year
Tracking a recovery in local shares, the Indian rupee on Friday snapped a two-day declining trend and bounced back by 39 paise to end at 61.44 against the Greenback on fresh dollar selling by exporters and some banks.
Falling for the second day, the rupee on Friday weakened by 12 paise against dollar to end at 62.68 weighed down by demand for the American currency from importers and data showing fiscal deficit crossed 95 per cent of the annual target during April-December.
The rupee had dipped by a massive 67 paise to an all-time closing low of 61.10 against the dollar on Friday.
The dollar maintained its bullish momentum in Asian and early European trade
71-year-old Sven-Goran Eriksson won 18 trophies with various clubs in Sweden, Portugal and Italy, between 1979 and 2000, and became the first manager to win league-and-cup doubles in three countries.
Bullish dollar sentiment overseas alongside sluggish domestic equity market predominantly impacted the domestic currency
Growth has slowed in some of the large emerging economies, its interim economic assessment report added. "One factor has been a rise in global bond yields -- triggered in part by an expected scaling back of the US Federal Reserve's quantitative easing -- which has fuelled market instability and capital outflows in a number of major emerging economies, such as India and Indonesia.
India has not been able to compete with countries such as Bangladesh and Vietnam.
Joseph Stiglitz accuses the US of negotiating over issues already settled at the World Trade Organization.
Adopting a wait- and-watch approach ahead of US Fed meeting
The trading range for the Spot USD/INR pair is expected to be within 66.20 to 67.00.
Rupee is under pressure against the dollar say currency watchers.
A mixed global trend and weakness in rupee influenced the sentiments during the day.
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Policymakers stepped in late Thursday to calm markets.
Pakistan Muslim League-Nawaz (PML-N) president Sharif, 70, and Pakistan Tehreek-i-Insaf (PTI) vice-chairman and former foreign minister Shah Mahmood Qureshi on Sunday filed their nomination papers for the post.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
Chanda Kochhar is among the three Indians in Time's Most Influential list.
Forex dealers said rebound in domestic stock markets also helped the rupee strengthen against the dollar.
In worldwide trade, the American dollar traded with solid strength against all major emerging currencies
In all, 37 central banks around the world have eased monetary policy so far this year to boost growth, fight deflation or both
The breadth, indicating the overall health of the market, turned negative from positive
Despite accounting for the largest number of fatalities, the death rate, however, in the US is much lower than other countries.
A massive rally in domestic equities along with smooth supply of dollars on the back sustained capital inflows into equities and debt predominantly helped the upmove
'India's economic fundamentals are much too strong to be affected by his resignation,' says B S Raghavan.
Leader of Opposition Mallikarjun Kharge, speaking on the Motion of Thanks on the President's address, charged the government with not delivering on its various promises, including generating two crore jobs per year.
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