Dollar closed at 64.9850 against its opening of 64.8700.  Dollar ended down Tuesday tracking firm Asian currencies after China leader Xi Jinping said he wants to open up the Chinese economy amid selling by foreign banks.Dollar pare losses during intraday trades on buying by nationalised banks and oil importers. President Xi of China historic speech today seems to have indicated the toning down of rhetoric and looks favouring for a negotiated solution of the tariff war with the US. This will aid risk assets for the day and emerging market currencies should benefit from the rapprochement. The greenback faltered against its major currencies as investors refrained from taking significant positions on lack of US economic data. Also, traders remained focused on the potential trade war between the US and China. Uncertainty over a trade war eased somewhat after the US appeared to soften its stance on the subject over the weekend, suggesting that a trade war could be avoided through negotiations. However, China still says negotiations are out of the question until the US backs down further and possibility of depreciating yuan artificially to counter the impact of US tariffs on Chinese goods.

Sensex provisionally ends 107 points higher with 15 components in the green.

INTERNATIONAL

Asian equities were mixed in morning trade on Tuesday as Wall Street gave up most of its gain following reports that the Federal Bureau of Investigation raided the offices and home of U.S. president Donald Trump's personal lawyer Michael Cohen. 

Gold prices slipped on Tuesday as the dollar recovered from an overnight plunged amid reports of FBI raiding the office of U.S. president Trump’s lawyer.

Oil prices continued to rise on Tuesday morning in Asia on hopes that the trade dispute between the U.S. and China would deescalate without substantial damage to the global economy.

An index of Australian business conditions pulled back from record highs in March with confidence seemingly taking a hit from the threat of a global trade war as the United States slapped tariffs on China.

Officials from Japan and China will hold high-level economic talks for the first time in eight years next week amid growing concern over an escalating trade row between China and the United States, the Asahi Newspaper reported on Tuesday.