Dollar closed at 63.7075 against its opening at 63.4800. Dollar ended at one-week high Tuesday tracking the weakness in Asian currencies amid oil importers dollar demand. as dollar open down on likely overseas funds inflow into local stocks. Indian shares open higher tracking firm Asian stocks amid optimism over third-quarter company results, starting today with South India Bank. The dollar remained subdued against major currencies as there is absence of major triggers in the market, as investors now eye the release of December retail inflation and retail sales data scheduled later this week. While retail sales may escalate 0.4% in December after surging 1% in the previous month. Also, a slew of key Federal Reserve officials are scheduled to speak this week, including, Fed Bank of Boston President Eric Rosengren, FOMC member Neel Kashkari, Charles L. Evan, James Bullard. Asian markets clung to gains after a somewhat quiet session on Wall Street.

BSE Sensex closed higher by 90.40 points at 34,443.19, while the Nifty 50 rose 13.40 points to close at 10,637.

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Asian shares edged higher, approaching record highs, while the yen stole the currency spotlight and jumped after the Bank of Japan’s slight reduction to its bond purchases reminded investors that it will eventually normalise policy.
 

Bank of Japan may slow its monetary stimulus this year gripped the currency market on Tuesday after the central bank trimmed the amount of its purchases of Japanese government bonds.
 

Gold prices fell slightly in Asia even as a weaker dollar offered some support and Japan wages data showed a surprise upside.

Euro languished after slipping from last week's high as investors were cautious after a months-long rally, while the dollar firmed against the yen though a lack of catalysts tempered its momentum.