Indian shares were higher in early trades on Thursday as investors waited with optimism for data on domestic and U.S. inflation that could provide cues on the central banks' rate hike path.
last month, staying within the Reserve Bank of India's comfort range of 2%-6% for a second month, a Reuters poll of economists found. The data is due later in the day at 5:30 p.m. IST.
The U.S. consumer prices index report, also due on Thursday at 7:00 p.m. IST, is expected to show some moderation in December's year-on-year prices. However, remarks from Fed officials earlier this week have pointed to the central bank's need to remain aggressive on rate hikes. Last month, RBI Governor Shaktikanta Das had said the Indian central bank would continue its fight against inflation despite the worst being "behind us".
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