Indian rupee appreciated against the U.S. dollar on Thursday supported by a weak American currency against major rivals overseas. Traders took some support as Commerce and Industry Minister Piyush Goyal has said India and the US are holding continuous discussions for the proposed bilateral trade agreement. He said ‘Talks are going well...and are continuously going on. There are many sensitive issues, many serious issues, so it is natural that it will take some time’. On the global front, U.S. dollar weakened against other major currencies in the Asian session on Thursday amid increased risk-on sentiment, as some traders looked to pick up stocks at reduced levels following the recent sell-off. Traders also reacted to upbeat private U.S. economic data and growing expectations that the U.S. Supreme Court may reject the Trump administration's aggressive trade policy.

Finally, the rupee ended at 88.63 (Provisional), appreciated by 07 paise from its previous close of 88.70 on Tuesday. The currency touched a high and low of 88.66 and 88.49 respectively.