(Reuters) - The rupee eased from the 35-month high touched earlier on Wednesday as the euro retreated and local shares stayed in the negative territory.
* At 1:27 p.m., the partially convertible rupee was at 44.01/02 per dollar, after hitting 43.8550, its highest since Aug. 29, 2008, but the unit was stronger from Tuesday's close of 44.1750/1850.
* The euro was at $1.4473 after touching a high of $1.4536 earlier. It had been $1.4480 when the local foreign exchange market closed on Tuesday.
* The index of the dollar against six major currencies was up 0.13 percent at 73.566 points, compared with 73.650 points at the end of domestic currency market on Tuesday.
* The benchmark share index was down over 0.7 percent led by financials and automakers as investors braced for slower growth following hefty interest rate increases.
* The Reserve Bank of India stunned investors on Tuesday by raising interest rates by 50 basis points, showing unexpected resolve in fighting persistently high inflation despite slowing growth in Asia's third-largest economy and uncertainty about global demand.
(Reporting by Aditya Phatak; Editing by Rajesh Pandathil)
