India, Jan. 28 -- Indian shares are seen opening a tad higher on Wednesday, mirroring firm cues from global markets and amid hopes for a rate cut by the RBI next week.
Benchmark indexes Sensex and Nifty rose around 0.7 percent and 0.6 percent, respectively on Tuesday after two straight sessions of losses.
The rupee fell by 18 paise to 86.52 per dollar, marking its largest single-day fall in two weeks, as the RBI's decision to increase liquidity in the banking system spurred hopes for a rate cut at the February monetary policy committee (MPC) meeting.
In Asia, Japanese, Australian and New Zealand shares rose this morning while most other markets were closed for Lunar New Year holidays.
Gold was marginally higher above $2,765 per ounce as...