At the interbank foreign exchange, the rupee opened at 95.70 and touched the intraday low of 95.80 against the greenback. The unit hit the day's high of 95.48 before ending the session at 95.66 (provisional) against the dollar, up 16 paise from its previous close. The local currency settled 17 paise higher at 95.82 against the US dollar on Tuesday, after gaining 74 paise in the previous two back-to-back sessions. Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, said the rupee gained on positive domestic markets and fresh FII inflows. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.04 per cent at 101.22.