Dollar closed at 64.4625 against its opening at 64.5400.  Dollar in the offshore market closed up during European trades Thursday tracking the spike in the spot pair on month-end dollar demand and overseas fund outflows from local stocks. Dollar opened higher on month-end dollar demand by oil importers amid likely overseas funds outflow from local stocks. However, Saudi Arabia and Russia are still trying to agree on an extension to ongoing production cuts. Indian markets may see volatile moves in trades today as the derivatives contract for the month of November is set to expire today. Meanwhile, the greenback remained subdued against its major peers after mixed US economic data despite Federal Reserve Chair Janet Yellen hint at a rate hike in December. Meanwhile, Federal Reserve Chair Janet Yellen cemented expectations for a monetary tightening in December, with a rosy assessment of the domestic economy. In prepared remarks ahead of what is likely to be Yellen final appearance before Congress, the outgoing Federal Reserve Chief also said that inflation will move toward the Fed's 2% annual target.

Sensex provisionally ends 424 points down with 27 components in the red.

INTERNATIONAL

Asian shares fell, weighed down by a plunge in high-flying technology shares, a move that some see as a healthy correction after a strong rally but others believe may herald the peak of a “super cycle” that has been boosting the sector.

Oil markets opened cautiously ahead of an OPEC meeting in Vienna later in the day, with oil producers set to debate extension of the supply-cut agreement that has started to rebalance supply and demand.
 

Gold prices gained in Asia on Thursday with comments from US ambassador to the UN Nikki Haley suggesting a complete oil embargo on North Korea, raising risk concerns.