The Indian rupee erased its early losses against the U.S. dollar in evening deals on Wednesday, as regional shares rose.

The benchmark S&P BSE Sensex rose 18.69 points or 0.07 percent at 28,372, while the broader Nifty index finished up 11.00 points or 0.13 percent at 8,726.

Official data showed that India's wholesale price inflation rose less-than-expected in August.

Wholesale price inflation accelerated to 3.74 percent from 3.55 percent in July. Economists had forecast inflation of 4 percent.

The rupee was trading at 66.89 against the greenback, off its early new 2-week low of 67.09. The rupee may find resistance around the 66.00 zone.

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