Dollar ended at 68.5700 against its opening at 68.7600.Dollar ended at two-week low Thursday as selling by foreign banks amid likely overseas funds inflow into local stocks.Local equities reached record level today tracking an heightened investors sentiments after a considerable moderation in oil prices and hope of robust first quarter corporate earnings."Foreign banks sold mainly for overseas investors who invested in local equities, which dragged the pair down,".
Also, easing of trade wars worries between US and China and selling by foreign banks, exporters supported the pair.
"Investors always buy dollars as tensions increase and now they seem to have eased a little. Some profit-booking is seen in the spot.
Local stocks hit record tracking gains in Asian markets, crude oil prices amid increased investor risk appetite.
India emerged as the world's sixth largest economy in 2017 surpassing France and is likely to go past the United Kingdom, which is at the fifth position, reported the World Bank.
In 2017, India became the sixth largest economy with a gross domestic product of $2.59 trillion.
Globally, Asian shares edged higher, with markets shaking off some of the trade jitters seen overnight after the Trump administration announced a list of Chinese goods that may be subject to new tariffs.
On Tuesday, the Trump administration unveiled a list of 10% tariffs on $200 billion in Chinese products. The duties will take effect only after a review process is completed. In response, China threatened to retaliate.
Also, investors would focus India's CPI, IIP data and the fiscal first quarter.
Sensex ends 282 points higher with 17 components in the green.
OIL
Brent crude rose more than $1 on Thursday, recouping some ground after its biggest one-day drop in two years during the previous session after Libya said it would resume oil exports and U.S.-China trade tensions raised demand concerns.
GOLD
Gold prices were mostly steady on Thursday, close to a one-week low hit in the previous session, as the dollar held firm amid an intensifying trade war between the United States and China.
ASIAN NEWS
China’s yuan weakened past a key level against the dollar on Thursday, following the central bank’s weakest fixing in nearly a year after Washington’s fresh tariff threats knocked the currency lower, although stocks clawed back heavy losses.