Dollar closed at 64.3950 against its opening of 64.4100. Dollar snapped two-day fall on buying by oil importers amid overseas fund outflows from local stocks ahead of release of India's inflation figure. The greenback turned mixed against its major peers as lack of US economic data kept investors on sidelines, awaiting the Federal Reserve's monetary policy meeting outcome. Meanwhile, some position building during Asian trades is surged the dollar against the Asian currencies. The greenback turned mixed against its major peers as lack of US economic data kept investors on sidelines, awaiting the Federal Reserve's monetary policy meeting outcome. Meanwhile, some position building during Asian trades is surged the dollar against the Asian currencies.

However, the Bank of England, the Swiss National Bank and the European Central Bank are also slated to release their policy decisions this week.Indian stocks opened flat Tuesday tracking mixed Asian markets ahead of two-day US Federal Reserve's Federal Open Market Committee meet amid optimism over Gujarat state election continues.

On the macro front, the IIP data for October will be released today. India's industrial production growth slowed in September from a nine-month high in August. 

BSE Sensex closed 227 points down at 33,227.99, while the NSE Nifty50 falls 82.10 points to close at 10,240.15.