India, Aug. 13 -- Indian shares eked out modest gains on Wednesday after official data showed India's consumer price inflation eased more-than-expected in July to the lowest level in just over eight years, bringing inflation below RBI's tolerance band and raising prospects of another interest rate cut.
Firm global cues and a weaker dollar also underpinned sentiment as in-line U.S. inflation data cemented expectations of interest rate cuts by the Federal Reserve in September.
On the trade front, India has been a "bit recalcitrant" on trade negotiations with the United States, Treasury Secretary Scott Bessent has said.
The benchmark BSE Sensex rose 304.32 points, or 0.38 percent, to 80,539.91, with further upside capped by caution ahead of...