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Nifty, Sensex fall after Fed signals faster tightening pace

Reuters 

By Jessica Kuruthukulangara(Reuters) - Indian shares fell on Thursday, in line with Asian peers, as the Federal Reserve raised U.S. interest rates and struck a more hawkish tone in forecasting a slightly faster pace of tightening. Asian shares dropped after the Fed raised its benchmark overnight lending rate to a range of 1.75 percent to 2 percent and forecast two additional hikes by the end of this year, compared to one previously. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.16 percent."People are a bit nervous because of the Fed's hawkish tone and since the Fed may ...

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First Published: Thu, June 14 2018. 11:53 IST
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