Dollar closed at 64.5700 against its opening at 64.5100. Dollar in the offshore market traded higher during European trades tracking the surge in the spot pair on buying by oil importers ahead of US jobs data. US Department of Labour will release US jobs data on Friday. Barclays expect payroll employment to increase by 200,000, with private payrolls up 195,000 and government payrolls up 5,000. The greenback gained grounds against its major peers after better than expected US private jobs data while investors await the release of US employment data. Employment in the US private sector increased by slightly more than expected in the month of November, reported the payroll processor ADP on Wednesday. ADP said private sector employment increased by 190,000 jobs in November after surging up by 235,000 jobs in October.
Meanwhile, labour productivity in the US saw a notable increase in the third quarter, reported the Labour Department on Wednesday. The report said labour productivity jumped by 3.0% in the third quarter, unchanged from the preliminary estimate. Indian stocks opened flat tracking mixed Asian shares amid the Reserve Bank of India's policy outcome.The Monetary Policy Committee kept interest rates steady and maintained its neutral stance, as was widely expected by market.
Sensex provisionally ends 368 points higher with 26 components in the green.
INTERNATIONAL
Asian shares hovered near two-month lows as softer oil and prices and uncertainty over U.S. policy kept many investors on the sidelines, even as some high-tech bellwethers bounced back after a searing sell-off.
Oil prices inched higher after a data report showed a decrease in inventories, but rising gasoline stocks and crude production weighed on the market.
Bank of Japan Governor Haruhiko Kuroda said the central bank's yield curve control was a "sustainable" framework that can push down long-term interest rates efficiently, brushing aside criticism that its huge bond buying was nearing a limit.
Gold prices eased slightly in Asia with the market awaiting comment from the Fed at next week\'s review of policy and any language on what looks like a US tax cut package passed before the end of the year.