Dollar is closed at 65.6425 against its opening at 65.4100. Dollar ended near seven-month high Tuesday on buying by oil importers amid fears of a currency war after US accused Russia and China of devaluating their respective currencies. Adding to this, upbeat Chinese growth data and improving risk appetite among global investors on easing tension between US and Russia amid hopes Western-led strikes on Syria was a one-off intervention. This would further support riskier EM currencies like rupee. President Trump tweeted, "Russia and China are playing the Currency Devaluation game as the US keeps raising interest rates. 

US retail sales rebounded, rising 0.6% in March from a 0.1% drop in February. While, NY Empire state manufacturing index fell to 15.8 in April from 22.5 in the previous month. Most Asian shares indices turned positive Tuesday tracking the overnight gains in US stocks amid better than expected China economic data. Chinese Q1 gross domestic product jumped to 1.5% on quarter and 6.8% on year after rising climbing 1.6% on quarter and 6.8% on year in the three months prior. Retail sales in China rose by 9.7%, on year in March, up from 9.4% in February. 

Sensex ends 95 points higher with 15 components in the green.

INTERNATIONAL

 Asia stocks rose modestly following data showing China’s economy grew a little faster than expected in the first quarter.
 

Gold prices were steady  as the U.S. dollar remained on the back foot, with the metal supported by festering worries over U.S.-China trade tensions.
 

Oil prices rose amid worries there could be a high risk of disruptions to supply, especially in the Middle East.
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The dollar steadied  as the market’s focus shifted back to U.S. trade policy as investors wagered U.S.-led attacks on Syria would not escalate into a wider conflict in the Middle East.