Indian Rupee (INR) loses ground in Tuesday’s early European session. India’s Wholesale Price Index (WPI) Inflation eased to 1.31% YoY in August from 2.04% in July, weaker than the 1.80% expected.

On Wednesday, the rupee depreciated 3 paise to close at 85.62 against the US dollar. "The Indian rupee rose sharply on Friday on a weak US Dollar and a decline in US treasury yields.