Dollar closed at 64.3600 against its opening at 64.4500. Dollar ended near two-week low on selling by foreign banks amid selling by corporate including Reliance industries and overseas fund inflows into local stocks. After the US jobs data, now the focus is on the Fed's outcome. Investors are preferring to be on sidelines. The greenback faltered from three-week high as investors booked their profits ahead of US Federal Open Market Committee December meeting outcome. Federal Reserve officials will commence the two-day monetary policy meeting on Dec 12 and end it on Dec 13. Fed officials are expected to hike interest rates at this week's meeting and investors will focus on hints related to interest rate trajectory.
On the US economic front, employment increased by more than anticipated in the month of November, reported the Labour Department on Friday, although the report also showed weaker than expected wage growth during the month. The report said non-farm payroll employment climbed by 228,000 jobs in November after surging up by a revised 244,000 in October.
Meanwhile, stocks in Asian markets traded higher Monday supported by overnight markets after US non farm payrolls data turned out at higher than expected levels.
BSE Sensex closed 200 points higher at 33,455, while the NSE Nifty50 closed above 10,322.
INTERNATIONAL
Asian shares gained, taking a cue from the US close last week and in an otherwise light regional data day.
Bitcoin futures jumped more than 20 percent in their eagerly anticipated U.S. debut, which backers hope will encourage wider use and legitimacy for the world’s largest cryptocurrency even as critics warn of the risk of a bubble and price collapse.
Oil prices fell as last week’s rise in the U.S. rig count pointed to a further increase in American production that could undermine OPEC-led efforts to tighten markets.
Gold prices dipped in Asia with the market prepared to listen closely to the Fed commentary this week after it reviews rates and in particular language on the impact of expected tax cuts.
Japanese manufacturers turned more optimistic about economic conditions in the October-December quarter, a government survey showed on Monday, in another upbeat sign for an economy on a record run of growth.