Dollar is closed at 64.9650 against its opening of 65.0200. Dollar extended fall on likely overseas fund inflows into local stocks after Reserve bank of India reduced the country's inflation projection in its first bi-monthly monetary policy of FY19. Local stocks open higher tracking the positive Asian equities. Also, investors await the release of Reserve Bank of India monetary policy statement. The MPC led by RBI governor Urjit Patel is scheduled to end its first two-day Monetary Policy meeting of FY19 today, with the central bank releasing the policy statement at 2:30PM. Dollar index, which weighs greenback against a basket of six major currencies traded at 90.16 Thursday compared to 90.09 at close of Indian Market Wednesday. The greenback traded little changed against the major peers as investors preferred to remain on sidelines ahead of US job data. Asian markets gained on Thursday, following Wall Street's rebound after US stocks initially dropped on additional tariffs unveiled by China. The improved confidence among investors in the region came after the sharp gains posted by US stocks as initial fears about escalating trade tensions faded.
Sensex opens over 300 points higher with all 30 components in the green.