MARKET EYE-SGX Nifty gains; rate decision key

Tue Dec 18, 2012 8:45am IST

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* Nifty futures on the Singapore Exchange gain 0.02
percent. The MSCI-Asia Pacific index, excluding Japan
 up 0.2 percent.        
* Asian shares crept higher on Tuesday, tracking overnight gains
in U.S. stocks on optimism over the progress in resolving the
U.S. budget crisis before the year-end deadline.   
* Foreign investors bought 8.86 billion rupees of stocks, while
domestic institutions sold stocks worth 6.90 billion rupees on
Monday, when India's BSE index rose 0.38 percent.
* India's central bank is expected to keep interest rates on
hold on Tuesday despite government pressure for a cut, sticking
to its guidance that it will not ease monetary policy before
early next year as cooling inflation is still too high for
comfort. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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