USDINR closed at 68.8400 against its opening at 69.0100. USDINR pares losses as Trump shows readiness to put tariffs on all $505 bln worth Chinese imports to US. President Donald Trump has indicated that he is willing to slap tariffs on every Chinese good imported to the U.S. should the need arise."I'm ready to go to 500," the president told CNBC's Joe Kernen in a "Squawk Box" interview. "Yuan weakened after Trump showed readiness to worsen the trade tension between the two economies, and this was reflected in the currency pair".
Also, investors await the opposition parties' no-confidence motion in the Lok Sabha.
The Congress, TDP and the NCP moved the non-confidence motion against the Narendra Modi-led government over mob lynching and special category status to Andhra. Indian shares opened flat even as weak global cues weighed on investor sentiment but the expectation of BJP-led NDA government winning no-confidence motion moved by opposition parties is seen supporting local indices.
Meanwhile, In an interview with CNBC, Trump said a strong dollar "puts us at a disadvantage," adding that the Chinese Yuan "has been dropping like a rock."
Also, Trump posed verbal intervention saying continued rate hike by the Federal Reserve is keeping the US at a disadvantage as others like Europe and Japan are maintaining their monetary policy easy.
Sensex ends 132 points higher with 17 components in the green.