Indian Shares Open Higher As Fed-hike Fears Ease

Indian shares opened higher as President Trump backed away from a threat to impose a 20% toll on cargo transiting the Strait of Hormuz. Traders also took comfort from data showing U.S. headline and core inflation eased in June, improving the macro outlook and supporting risk appetite.

Analysis

Indian shares opened higher as President Trump backed away from a threat to impose a 20% toll on cargo transiting the Strait of Hormuz. Traders also took comfort from data showing U.S. headline and core inflation eased in June, improving the macro outlook and supporting risk appetite.