Dollar closed at 66.9250 against its opening of 67.0700.  Dollar ended at one-month low on selling by banks across segments after Reserve bank of India hiked repo rate by 25 basis points at its second bi-monthly monetary policy of 2018-19. RBI outcome was a surprise to majority of market participants, banks across segments sold dollars on knee-jerk reaction after RBI raised rates. The greenback limited its gains as traders turned cautious ahead of the upcoming G-7 summit in Canada amid planned meeting between President Donald Trump and North Korean leader Kim Jong Un next week. On the US economic front, activity in the service sector grew at a faster than expected rate in the month of May, reported the Institute for Supply Management on Tuesday. Asian stocks edged up higher Wednesday after tech sector strength lifted Wall Street shares, while concerns about Italy's debt prompted investors to move into lower-risk government debt elsewhere, pushing US Treasury yields down from recent highs.

BSE Sensex closed 275.67 points higher at 35,178.88, while the Nifty 50 ended 91.50 points up at 10,684.65. 

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Asian stocks edged up after tech sector strength lifted Wall Street shares, while concerns about Italy’s debt prompted investors to move into lower-risk government debt elsewhere, pushing U.S. Treasury yields down from recent highs.
 

Global oil prices rose during Asian trade after Venezuela raised the prospect of halting some crude exports, according to people familiar with the matter, but gains were capped amid reports the U.S. government had asked Saudi Arabia and some other OPEC producers to increase output.

Gold prices were trading lower on Wednesday despite the dollar dropped to below the 94 level.

Price rises in Britain's overvalued housing market will lag inflation this year and next and in London prices are likely to fall in 2018 as Brexit keeps a lid on demand.