Shares end lower, rupee weakens as US Fed signals rate hikes sooner

The blue-chip NSE Nifty 50 index was 0.48% down at 15,691.40 and the benchmark S&P BSE Sensex was 0.34% lower at 52,323.33 at the close.

Indian shares slipped and the rupee weakened on Thursday, as the Federal Reserve's signal to raise interest rates sooner than expected spooked investors. The blue-chip NSE Nifty 50 index was 0.48% down at 15,691.40 and the benchmark S&P BSE Sensex was 0.34% lower at 52,323.33 at the close. The rupee dropped 1% to 74.08 against the dollar, its weakest level since early May, while India's benchmark 10-year bond yield ended slightly lower at 6.04% after rising up to 6.06% earlier in the session.