Dollar closed at 65.6600 against its opening of 65.6600.  Dollar in the offshore market pared gains during evening trades Wednesday tracking the movement in spot pair, where Reserve Bank of India's intervention and selling by exporters offset oil importers'.Dollar open higher  tracking firm dollar after the release of an upbeat US economic data.The spot will follow strong dollar, mainly after steady US data.  Dollar index, which weighs greenback against a basket of six major currencies traded at 89.50 Wednesday compared to 89.44 at close of Indian Market Tuesday. Dollar demand hardened after better than expected March US housing starts and steady industrial production figures, boosting investors sentiments. US Housing starts rose 1.9% to 1.319 million units, the Commerce Department said on Tuesday. Economists forecasted housing starts rising to a pace of 1.262 million units last month. In a separate report on Tuesday, the Federal Reserve said industrial production rose 0.5% in March after jumping 1.0% in February. Also, San Francisco Federal Reserve Bank President John Williams on Tuesday said he expects US inflation to rise to the US central bank's 2% goal this year and stay at or above that goal for "another couple of years," even as the Fed continues to raise interest rates.

Sensex provisionally ends down 10 points with 19 components in the red.

INTERNATIONAL

Asian shares crept ahead on Wednesday after Wall Street took heart from upbeat corporate earnings, though nagging concerns about trade barriers and the global growth outlook kept currencies and bonds subdued.

 

Gold prices slipped on Wednesday as dollar held its gains on the back of upbeat U.S. housing and industrial output data.

 

Cryptocurrencies’ prices were mixed on Wednesday as IMF Chief Christine Lagarde called for global co-operation on virtual currencies regulation.

 

China's better-than-expected economic growth in the first quarter of this year was backed by a pickup in construction and manufacturing, official data showed on Wednesday.

 

Oil prices rose on  morning in Asia amid ongoing risk of supply disruptions.