Dollar closed at 64.3800 against its opening at 64.3000. Dollar ended little changed as investors remained on the sidelines ahead of Reserve Bank of India's Monetary policy Committee meet outcome scheduled for tomorrow. The greenback remained subdued as investors focused on the approval of a bill to overhaul the US tax system and reports of progress in the Brexit negotiations. Last week, US Senate Republicans narrowly approved a massive tax reform bill. The Senate voted 51 to 49 in favour of the bill known as the Tax Cuts and Jobs Act, with the vote largely coming down along party lines.In order to approve the bill, lawmakers from the Senate and House will need to go to conference to work out differences in the bills passed by the two chambers.

On the US economic front, a report released by the Commerce Department on Monday showed a modest decrease in new orders for manufactured goods in the month of October. The report said factory orders fell by 0.1% in October after surging up by 1.7% in September. Economists had expected orders to drop by 0.4%.

Sensex extends losses; down over 150 points with 27 components in the red.

INTERNATIONAL NEWS

Asian shares were subdued on Tuesday as investors’ rotation out of technology shares took a toll on some of the region’s tech heavyweights although hopes of a major tax cut in the United States underpinned risk sentiment.

Gold prices held within a tight range in Asian trade on Tuesday, supported by a slightly weaker dollar as investors awaited the next steps over U.S. tax reform legislation for clues.

 Oil markets nudged higher on Tuesday, buoyed by expectations of a drop in U.S. crude stockpiles and after last week’s deal between OPEC and other crude producers to extend output curbs.

Saudi Arabia’s non-oil private sector grew at its fastest pace in two years in November, a survey showed on Tuesday, indicating that a sweeping crackdown on corruption has not damaged the economy nearly as much as feared.