Dollar closed at 63.9950 against its opening at 63.9800. Dollar ended flat as it is snapped two-day rise tracking the weakness in the dollar amid firm Asian markets."Weak dollar and firm Asian currencies are supporting the rupee'.The greenback lost grounds against its major peers as investors showed less interest ahead of US inflation data due later Thursday.The continued dismal US economic data is keeping investors on sidelines.India's retail inflation rebounded to five month high in August on the back of rise in food prices mainly vegetables, dampening the possibility of near-term rate cut by the Reserve Bank of India.Stocks in Asia traded higher Wednesday following record high overnight gains in the US stocks following as sentiments improved on fading worries over Hurricane Irma and North Korea.

On the US economic front,

Investors await the release of the producer price index along with weekly jobless claims, consumer price index, retail sales, industrial production and the consumer sentiment data. On the global front shares in the Asian indices traded higher tracking a strong lead from the Wall Street amid easing geopolitical tension.Meanwhile the risk sentiment improved after the geopolitical concerns faded on the Korean peninsular. Indian shares are expected to open flat Wednesday tracking Asian shares on easing geopolitical tension amid dismal India IIP data for the month of July that grew 1.2% from 4.5% a year ago.

BSE Sensex closes higher by 27.75 points to 32,186.41, while the Nifty 50 falls 14 points to close at 10,079.

 

INTERNATIONAL

Asian stocks wobbled but still marked a 10-year high, cheered by record highs on Wall Street, while shares of Apple Inc’s suppliers dipped following the release of the latest iPhone.

Gold prices held steady as the dollar remained firm, with safe-haven demand for the metal buoyed after U.S. President Donald Trump’s latest comments on tensions over North Korea.

Oil prices were mixed early, but largely held on to gains in the previous session after OPEC said it expected higher demand for its crude next year.

A Brazilian Supreme Court judge authorized an investigation of President Michel Temer for suspected corruption involving a decree regulating ports, adding to graft allegations the president has so far parried with backing from Congress.