Dollar closed at 65.1450 against its opening at 64.9900.Dollar ended up Wednesday on buying by banks across segments along with oil importers amid likely overseas funds outflows from local stocks.Dollar opened lower as foreign banks sold dollars likely on behalf of the exporters on fears US decision to impose fresh tariffs on Chinese goods, triggering a global trade war causing decreased demand for the greenback.  US President Donald Trump administration on Tuesday threatened to slap stiff tariffs on some $50 billion in Chinese imports across 1,300 categories of products. In a response to Trump policies, China, in an embassy statement said trade tensions between US-China are back in the spotlight, and opposed the additional tariffs proposed. Dealers also said speculations of dismal US non-farm payroll data too supported exporters decision to sell a part of their dollar holdings. Exporters are seen selling as market is not expecting the US jobs data to be upbeat. But the main concern is impact of US-China trade dispute on dollar demand. US Department of Labour will release employment data Friday for the month of March. Barclays expect solid employment to gain 200,000 jobs, lower than February print.

BSE Sensex closed lower by 351.56 points at 33,019.07, while the Nifty 50 fell 116.60 points to close at 10,128.40.

INTERNATIONAL

Asian share markets faltered as simmering fears of a Sino-U.S. trade war overshadowed a bounce on Wall Street and left investors reluctant to take positions in anything.

Gold prices gained as dollar weakened after the U.S. slapped tariffs on $50 billion worth imports from China.

Oil prices fell  morning in Asia amid rising Russian production and expectations that Saudi Arabia will cut prices of the crude it sends to Asia.

China's home prices are expected to rise faster this year than previously thought thanks to tight supply and government policies that promote smaller cities seeking to lure first-time buyers and upgraders, a Reuters poll showed.