Dollar closed at 68.95 against its opening of 68.64. Locally, sustained overseas fund buying will help Indian markets to maintain upward trajectory. Dollar rebounded tracking strong dollar on worries of no-deal Brexit and increased bids from oil importers amid strong economic data from the US. Dollar/rupee opened down on selling by foreign banks amid likely overseas fund inflows into local debt and stocks after a dovish Fed policy. After a dovish Fed policy, we see a lot of FPI inflows into Indian debt and stocks. Local stocks opened higher Friday on improved risk appetite led by steady overseas fund buying and as upbeat US data fuelled investor optimism. Adding to that, local debt prices moved up as the dovish stance by the US Federal Reserve ruled out any more rate hikes in 2019 and predicted only one hike for 2020, leading to a slum in US Treasury yields.  The greenback strengthened against it major pairs after the Federal Reserve jolted the markets by abandoning all the plans to raise interest rate this year and lowered its economic growth forecast for 2019, raising concerns over a possible slowdown in the economy.

On Wednesday, the Federal Reserve keeps the benchmark interest rate in its current threshold of 2.25% to 2.50%, with the central bank largely endorsing a wait-and-see approach for monetary policy 'in light of global economic and financial developments and muted inflation pressures.'

Sensex ends at 36,975.23, up 358.42 points while Nifty 50-share index closed at 11,062.45, up 128.10 points.