* USD/INR seen opening at around 61.95 versus its close of 61.74/75 on Friday, helped by demand for the greenback from importers. * The dollar's index against six major currencies currently up 0.03 percent. * Most other Asian currencies however trading stronger compared to the dollar and could limit sharp gains. * The euro clung to modest gains early in Asia on Tuesday, having bounced off a seven-week low on the back of improving euro zone data, but talk of a rate cut this week should curb demand for the common currency. * The MSCI index of Asian shares ex-Japan trading down 0.14 percent while the Nifty stock futures traded in Singapore down 0.1 percent. Traders will watch domestic shares for cues on foreign fund flows. * Also on watch, India HSBC Service PMI at 0500 GMT. * USD/INR seen trading at 62.04/62.07 in the offshore NDF market.
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Anil Ambani's Reliance Group has never made a military helicopter, missile system or submarine in its history but that isn't stopping the Indian tycoon from seeking to win contracts to manufacture all of that military hardware and more. Full Article