Indian rupee may weaken on lower Asian shares

MUMBAI, Nov 26 (Reuters) - The Indian rupee is expected to ease on Thursday, weighed down lower Asian stock markets but the dollar's weakness overseas will limit a sharp fall.

* The partially convertible rupee INR=IN ended at 46.21/22 per dollar on Wednesday, just off a peak of 46.2025, which was its strongest since Nov. 18, and about 0.3 percent stronger than Tuesday's close of 46.37/38. [ID:nBOM538831]

* At 0307 GMT, the MSCI index .MIAPJ0000PUS of Asian stocks ex-Japan was down 0.24 percent while the Nifty India stock futures SINc1 traded in Singapore were 0.6 percent lower, suggesting a weak start to the local market.

* The dollar fell to a more than 15-month low against a basket of six currencies on Wednesday, a day after the Federal Reserve indicated the greenback's decline was orderly and that U.S. interest rates would remain low for some time. [USD/]

* The Hang Seng .HSI fell 0.95 percent and the Shanghai Composite index .SSEC dropped 0.76 percent, but the Nikkei .N225 was up 0.04 percent. (Reporting by Neha D'silva; Editing by Ranjit Gangadharan) ((neha.dsilva@thomsonreuters.com; Tel: +91 22 6636 9033; Reuters Messaging: neha.dsilva.thomsonreuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))