Indian Shares Rebound On Value Buying As Oil Prices Ease

Indian shares closed higher on Tuesday, staging a rebound after four days of losses as investors assessed mixed signals over the status of U.S.-Iran peace talks and awaited upcoming RBI rate decision.

The rupee was flat against the dollar, U.S. Treasury yields eased and oil prices fell nearly 2 percent as U.S. President Donald Trump confirmed ongoing U.S.-Iran talks and said he had persuaded Israel and Hezbollah to dial back fighting.