India, Feb. 5 -- Indian shares are seen opening higher on Thursday amid easing trade war fears and falling oil prices on demand concerns and data showing a large build in U.S. crude and gasoline stockpiles.

That said, volatility cannot be ruled out due to continued foreign fund selling and the impending expiry of the weekly options of Nifty 50 contracts.

Benchmark indexes Sensex and Nifty ended slightly lower on Wednesday after rallying sharply the previous day on easing tariff concerns and expectations of a rate cut by the RBI later this week, which will be the first RBI policy under the new Governor Sanjay Malhotra.

The Indian rupee fell to a record low of 87.487 against the dollar before recovering slightly to close at 87.465, down 40...