Dollar closed at 67.6200 against its opening at 67.5400. Dollar ended little changed Thursday as investors remained on the sideline ahead of the European Central Bank monetary policy decision due later today..  Dollar fell during afternoon trades Thursday on selling by foreign banks tracking a subdued greenback.  As Dollar opened lower Thursday tracking the global weakness in the greenback after Federal Reserve Chair Jerome Powell played down the risks over higher inflation amid selling by foreign banks. "The market has surprisingly shrugged off the hawkish of Fed after Powell's comments,". The greenback remained subdued as investors turned cautious regarding global trade.  The initial gains got melted away after Federal Chairman Jerome Powell played down the risks that a tightening labour market may shoot inflation higher.   "if we thought inflation was going to take off, then obviously we'd be showing higher rates,". On Wednesday, the Federal Reserve on Wednesday raised its key interest rate by a quarter point to 2%, as expected. The vote was 8-0.However, in a surprise move, the central bank projected four interest rate hikes in 2018, rather than three. Also, the Fed dropped wording about rates being 'below levels" in the long run."Information received since the Federal Open Market Committee met in May indicates that the labour market has continued to strengthen and that economic activity has been rising at a solid rate. Job gains have been strong, on average, in recent months, and the unemployment rate has declined,".

 

Sensex provisionally ends 142 points lower with 19 components in the red.

 

INTERNATIONAL

Asian shares eased on Thursday after the Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening, while concerns about U.S.-China trade frictions kept investors on edge.

 Gold prices eased on Thursday as the U.S. Federal Reserve forecast a slightly faster pace of interest rate hikes this year, although lingering worries over trade tensions between Washington and Beijing prevented steeper losses.

 The dollar slipped back from three-week highs against the yen on Thursday, quickly erasing gains made after the Federal Reserve took a slightly more hawkish policy tone in signaling two more rate hikes by year-end.