India, Aug. 14 -- Indian shares opened modestly higher on Wednesday and the rupee rebounded from a near six-month low hit in the previous session amid signs that the U.S.-China trade tensions may be easing.

The U.S. announced a delay in the implementation of tariffs on some Chinese products and also removed certain products from the tariff list - essentially calling a temporary and minimal ceasefire in the year-long U.S.-China trade dispute.

The benchmark S&P BSE Sensex was up 107 points or 0.29 percent at 37,065 after plunging around 1.7 percent the previous day, reflecting risk-off sentiment globally. The broader NSE Nifty index was up 35 points or 0.32 percent at 10,961.

HDFC rose about 1 percent, Indiabulls Housing Finance rallied 3....