Dollar closed at 65.0200 against its opening at 64.7700.Dollar closes flat little changed with positive bias tracking weak Asian currencies as dollar gained on hawkish comments Federal Reserve Janet Yellen. Rupee will track the movement in Asian currencies. Dollar has gained in Asian trades on hawkish Yellen comments. The greenback gained grounds against its major peers after traders digested remarks by Federal Reserve Chair Janet Yellen, who spoke at the Group of 30 International Banking Seminar on Sunday. Traders turned optimistic after reports showed that US President Donald Trump may favour Stanford Economist John Taylor for the post of Federal Reserve Chairperson. Taylor is considered more hawkish than the current Chair Janet Yellen. On Sunday, despite subdued inflation, Yellen reiterated her belief that additional gradual interest rate hikes is likely to be appropriate over the next few years. Stocks in Asia paused near recent highs as concerns about North Korea reemerged, while Treasuries fell as speculation climbed that the next head of the Federal Reserve will be more hawkish. 

BSE Sensex provisionally ends 3.87 points lower with 17 components in red.

INTERNATIONAL

 

Asian shares gained with regional markets upbeat as earnings season approaches and economic fundamentals appears solid in leading economies, China and Japan.

Gold prices fell in Asia as investors noted a stronger dollar and less appetite for safe-haven plays weighed on sentiment and as physical demand in India for the holiday season has failed to lift the futures market.

Crude oil prices fell in Asia on profit taking after sharp gains on geopolitical tensions in Iraq and Iran stoked buying.

Aussie dropped in Asia as central bank minutes pointed to continued concerns over housing ahead to set the tone.