MARKET EYE-SGX Nifty falls; rate decision key

Mon Dec 17, 2012 8:38am IST

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* Nifty futures on the Singapore Exchange fell 0.24
percent. The MSCI-Asia Pacific index excluding Japan
 was 0.32 percent down.       
* The Liberal Democratic Party of Japan's electoral triumph
propelled the yen to a 20-month low against the dollar that saw
the Nikkei stock average touch a 8-1/2-month high on
expectations of much better export earnings.  
* Foreign investors bought 5.74 billion rupees of stocks, while
domestic institutions sold stocks worth 5.12 billion rupees on
Friday, when India's benchmark index rose 0.46 percent.
* Investors are now waiting for the Reserve Bank of India's rate
decision on Tuesday. Although the central bank is not expected
to ease policy then, traders said the central bank could cut the
cash reserve ratio or sound more dovish on inflation.
   
* Also on watch, parliament may approve banking bill to allow
more foreign capital flows.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

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