Indian shares fall 1 percent in early trade

MUMBAI: Indian shares fell 1 percent early on Thursday as worries heightened about the health of Asia's No. 3 economy and a weakening currency that will raise overseas borrowing costs for companies.

The rupee dropped to another record low of 54.30 per dollar, taking losses this week to about 4 percent, on worries slowing domestic growth will spur further capital outflows.

At 9:21 a.m. (0351 GMT), the main 30-share BSE index down 0.99 percent 15,724.52.

The broader 50-share NSE index was down 0.9 percent at 4,719.70.