Mumbai, Sep 3 : The Indian rupee reversed all the gains made earlier in the day to close at an all-time low of 71.21 per dollar on Monday, tracking a weak trend among its global peers and amid concerns of a wider trade deficit.

On Friday, it settled at 70.99-71, after hitting a low of 71 per greenback.

Currencies across emerging markets have been lately subdued due to the global trade war concerns, analysts said.



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Bajpe: Police have arrested a youth for allegedly posting derogatory and defamatory content against the Bajpe police on social media.

The arrested accused has been identified as Abhishek M. (23), a resident of Katipalla, Surathkal.

According to the police, Abhishek posted a photograph of Bajpe Nisarga Hotel on his Instagram account mr_a_titude_22, alleging that accused persons in a murder case under the jurisdiction of the Bajpe police station were being treated “like royalty” by the police and were being served beef meals from the hotel every day. In his post, he further accused the police of colluding with criminals and misusing their authority, stating that public trust in the police was being betrayed.

Following which, the Bajpe police registered a case and arrested the accused.

Police records reveal that Abhishek is already facing multiple criminal cases. A case of murder, attempt to murder, assault and robbery has been registered against him at the Surathkal police station. At the same time, a robbery case has also been registered at the Kaup police station.

After his arrest, Abhishek was handed over to the custody of the CEN police for further investigation. He was later produced before a court, police said.