The Indian rupee trimmed its early losses against the U.S. dollar in evening deals on Monday, as regional stocks advanced after data showing contraction in India's wholesale prices for March that renewed hopes for further rate cut by the Reserve Bank of India.

Preliminary figures from the Ministry of Commerce and Industry showed that India's wholesale prices continued to decease in March, though at a slower pace than in the previous month.

The wholesale prices index fell 0.85 percent year-over-year in March, following a 0.91 percent drop in the preceding month.

India's tech service firm Infosys announced upbeat earnings results in the fourth quarter, further boosting regional shares.

The benchmark BSE Sensex finished higher at 190 points or 0.74 percent at 25,816, while the broader Nifty index was up by 64 points or 0.82 percent at 7,915.

The rupee was trading at 66.56 against the greenback, off its previous 2-week low of 66.70. The rupee may locate resistance around the 65.00 mark.

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