MARKET EYE-SGX Nifty flat; Oil stocks in focus
* Nifty futures on the Singapore Exchange was up 0.05 percent. The MSCI-Asia Pacific index excluding Japan was down 0.2 percent. * Japanese shares rallied and the yen fell on Monday after Tokyo escaped direct criticism from its G20 peers on its aggressive reflationary plans that have weakened the currency. * Foreign investors bought 2.47 billion rupees of stocks, while domestic institutions sold 2.45 billion rupees of stocks on Friday, when the BSE index fell 0.15 percent. * India's three state-run fuel retailers- Indian Oil Corp , Bharat Petroleum Corp and Hindustan Petroleum Corp increased prices of petrol by 1.50 rupees per litre excluding local taxes, and diesel by 0.50 rupees per litre from Saturday. (firstname.lastname@example.org; email@example.com)
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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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