Dollar closed at 67.6425 against its open at 67.58. Dollar closed higher on likely overseas fund outflows from local stocks amid oil importers demand ahead of the Federal Open Market Committee (FOMC) fourth monetary policy decision due later today,
Indian shares are expected to open flat with negative bias Wednesday tracking weak Asian stocks on caution before Federal Reserve's monetary policy meeting outcome later today.
Dollar index, which weighs greenback against a basket of six major currencies, traded at 93.86 Wednesday compared to 93.64 at close of Indian Market Tuesday.
The Federal Open Market Committee (FOMC) will end its two-day meeting today, and is widely expected to raise interest rates for the second time this year.
Crude oil prices steadily increased after a monthly report from the global oil cartel showed increase in demand along with higher output.
Sensex closed positive by 46.64 points and Nifty closed positive by 13.85 points