India, Aug. 5 -- Indian shares opened on a positive note on Wednesday as crude oil prices slumped and global bond yields eased amid hopes for progress on opening the Strait of Hormuz.
Investors were also reacting to the Reserve Bank of India's monetary policy announcement, which came along expected lines.
The central bank kept its policy rate unchanged at 5.25 percent and retained the policy stance at "neutral" despite signs of rising inflation due to higher crude oil prices and a weaker monsoon season.
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