Dollar is closed at 64.0950 against its opening at 64.0900. Dollar unlikely to fall below during intraday trades on likely Reserve Bank of India intervention despite inflows related to Essar, Flipkart amid weak dollar. Dollar opened one week low as dollar weakened on political uncertainty even as investors await Jackson Hole Symposium scheduled later this week. The currency pair extended losses on selling by foreign banks likely on behalf of exporters. Uncertainty on the political front in the US rose after Steve Bannon was removed from his position as White House chief strategist. Indian shares opened higher tracking positive Asian shares as investors remain focused on Jackson Hole Symposium in Wyoming where global central bankers meet for policy discussion.
On the global front Asian index traded higher Tuesday as investors turned their attention to the US Federal Reserve's annual symposium in Jackson Hole at the end of the week. US equities closed higher Monday but a decline in tech and financials kept a lid on gains.
Investors also paid attention to geopolitics on Monday. President Donald Trump is set to lay out a US strategy for the war in Afghanistan and engagement in the South Asia region. The US and South Korea are also set to kick off war games on Monday.
Traders are also looking forward to comments from Federal Reserve Chair Janet Yellen at the Federal Reserve's economic policy symposium in Jackson Hole, Wyoming, on Friday.
Sensex provisionally ends 74.80 points higher, at 31,291.85. with 18 components in green.
INTERNATIONAL
Asian shares rose after modest gains on Wall Street, while robust metals prices underpinned some regional markets even as investors remained wary ahead of the annual central banking conference in Jackson Hole later this week.
Rising corporate profits are providing Chinese policymakers with room to do more to tackle the country’s growing debt problems without inflicting major damage on the economy.
South Korean and U.S. officials began talks over possible revisions to a five-year-old free trade agreement, as the U.S. administration seeks to follow through on President Donald Trump's pledge to cut deficits with trading partners.
Oil prices rose, lifted by indications that supply is gradually tightening, especially in the United States.
Gold dipped in Asia after President Donald Trump laid out a strategy for keeping troops in after 16 years, though promising a tougher and more pragmatic approach to supporting the government in Kabul and working with partners such as Pakistan.