Indian rupee appreciated against the US dollar on Wednesday aided by strong foreign fund inflows and a weaker greenback. The exchange data showed Foreign Institutional Investors (FIIs) turned net buyers in the Indian equity market on Tuesday, with FIIs purchasing stocks worth Rs 2,050.46 crore. Besides, Fitch Ratings has upped India's GDP growth forecast for current fiscal year to 6.9 per cent from 6.5 per cent earlier on the back of strong June quarter growth and domestic demand drivers. On the global front, antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Wednesday, amid growing optimism about the outlook for interest rates after sharp downward revisions in U.S. jobs data and ahead of the release of the closely watched US inflation data later in the week. 

Finally, the rupee ended at 88.12 (Provisional), appreciated by 03 paise from its previous close of 88.15 on Tuesday. The currency touched a high and low of 88.19 and 88.06 respectively.