Dollar closed at 64.8650 against its opening at 64.9200. Dollar ends at 1-wk low on selling by foreign banks as dollar opened one-week low Monday on selling by foreign banks likely for exporters on fears government may hike FPI investment limit in government bonds leading to increased inflows into local debt and subsequent fall of spot pair.Dealers also said there might be FII inflows on the final day of ICICI Securities'.Adding to this, demand for risk-off currencies like Swiss Franc and Japanese yen has lowered the demand for the greenback. "Financial year end selling is seen in the market. Also, speculations of an increase in bond FPI limits led to selling by foreign banks,"."Inflows into ICICI Securities too helped the rupee.".The greenback remained subdued against other major currencies as investors remained focused on trade conflict between China and the US after the former said it would impose tariffs on up to $3 billion worth of US goods in retaliation for the tariffs announced by US President Donald Trump.Meanwhile, on local front government borrowing calendar for the first half of upcoming financial year will be released post market hours today.

Sensex provisionally ends 508 points higher with 25 components in the green.

INTERNATIONAL

Asian shares were hammered again on Monday as fears of a trade war between the United States and China took their toll, but the safe haven yen came off its highs and U.S. stock futures climbed as investors saw some light at the end of the tunnel.

Brent and WTI crude oil futures dipped on Monday as concerns of a looming trade dispute between the United States and China weighed on global markets.

Gold prices slipped on Monday, giving up its earlier gains in the day although the dollar plunged amid geopolitical concerns.

Russia’s Emergency Situations Ministry said on Monday that at least 53 people had been killed in a fire in a shopping mall in the Siberian city of Kemerovo.