India, Nov. 10 -- Indian shares are seen opening higher on Wednesday as investors keep an eye on falling crude oil prices and soaring U.S. Treasury yields.
Brent crude futures hovered close to ten-week lows on signs of easing tensions between the U.S. and Iran, and reports suggesting that Middle Eastern oil shipments have nearly returned to prewar levels despite ongoing attacks on vessels in the Strait of Hormuz.
The U.S. Treasury yields rose across the board on Tuesday, with the 10-year yield once again crossing the 5 percent mark intraday and two-year yields climbing 17 basis points to 4.73 percent, the most in 19 months, as stronger-than-expected consumer price inflation data fueled bets that the Federal Reserve would need to deliver m...