Dollar closed at 64.5900 against its opening at  64.7000. Dollar closed down on subdued dollar ahead of the appointment of the next Federal Reserve Chair and outcome of the monetary policy due this week. The greenback remained subdued against its major peers ahead of the US Federal Open Market Committee (FOMC) outcome and nomination of the new Federal Reserve Chair. Later today, the Federal Reserve will conclude its two-day policy meeting. Market participants expect the Fed to keep interest rates unchanged, but traders will keep a close eye on the accompanying statement. Adding further, President Donald Trump plans to announce his nominee for the next Fed Chair on Thursday. Multiple media sources have reported that Trump intends to nominate Fed Governor Jerome Powell to replace current Fed Chair Janet Yellen. On the US economic front, growth in Chicago-area business activity unexpectedly accelerated in the month of October, reported the MNI Indicators on Tuesday.

Adding further, President Donald Trump plans to announce his nominee for the next Fed Chair on Thursday. 

Sensex provisionally ends 397.39 points at 33,610.5 points with 18 components in green.

INTERNATIONAL

Asian shares hit a 10-year high on the back of solid economic growth globally, while oil prices extended a bull run on hopes that major oil producers will maintain their output cuts.

Saudi Arabia will hike December crude prices for customers in Asia to levels last seen in 2013 or 2014, a Reuters survey showed, with OPEC-led output cuts and robust demand re-balancing markets for the commodity.

Gold prices edged up in Asia on Wednesday with the upcoming Fed meeting expected to hold steady and investors cautious ahead of nonfarm payroll data at the end of the week.


China's manufacturing output rose at the weakest pace in fourth months in October and companies continued to shed staff despite a slight pick-up in domestic and export orders, a private survey showed on Wednesday.

Crude oil prices gained in Asia  as industry estimates of U.S. inventories boosted sentiment and an on target PMI reading in China soothed concerns of a slowdown.