Dollar closed at 64.1200 against its opening at 64.1700. Dollar ended down, as it gains by late afternoon trades on selling by nationalised banks on behalf of exporters amid overseas funds inflow into local stocks amid firmness in the greenback on renewed expectations of tax overhaul by President Donald Trump amid waning geo-political tensions between US and North Korea. A new tax plan from president Trump with bipartisan support is expected in the next dew weeks and this has triggered a small dollar rally from 'oversold' levels,".The greenback gained grounds against its major peers as investors turned optimistic on tax overhaul from President Donald Trump with bipartisan support.
The dinner meeting between the US President Trump and Senate Minority Leader Chuck Schumer, House Minority Leader Nancy Pelosi is expected to include discussions on protections for undocumented immigrants brought to the US as children and stabilizing the Obamacare health insurance markets.
Investors expect Schumer, Pelosi, and Trump to plan to discuss the new deadlines established by the fiscal package approved last week that included a three-month increase in the debt limit.
"Despite data and surveys printing on average on the soft side, we believe the MPC will want to react to the recent depreciation in the currency and step-up its hawkish rhetoric,"
Sensex provisionally ends up 57 points up with 12 components in the green.
INTERNATIONAL
Stocks in Asia traded mixed after dismal economic data from China while investors await the rate decision from the Bank of England due later today.
Bank of England led Monetary Policy Committee meet is scheduled for later today.
Gold edged down early to hover around its lowest in nearly two weeks, with investors turning their attention to U.S. consumer inflation data later in the day for clues on the timing of further interest rate hikes.
Oil prices eased, but held on to most of their gains in the previous session when the market was buoyed by a forecast for firmer global oil demand by the International Energy Agency.