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3 years ago
MARKET EYE -Indian shares seen higher ahead of RBI rate decision
June 3, 2014 / 2:57 AM / 3 years ago

MARKET EYE -Indian shares seen higher ahead of RBI rate decision

* Indian shares are set to open higher on Tuesday ahead of RBI
policy review at 11 am local time, following gains in other
Asian stocks and foreign investor buying.
* NSE index futures traded on the Singapore Exchange up
0.32 percent, while the MSCI-Asia Pacific excluding Japan index
 gains 0.2 percent. 
* Markets await the Reserve Bank of India's policy review, with
most analysts expecting the central bank to keep interest rates
on hold but to ease up a bit on its tough inflation rhetoric in
a conciliatory gesture to the new Narendra Modi government.
 
* The Nikkei-led Asian shares higher on Tuesday, supported by
solid U.S. and Chinese manufacturing data, while the euro
dragged its feet near a 3 1/2-month low on expectations of fresh
monetary easing by the European Central Bank. 
* Overseas investors bought Indian shares worth 2.34 billion 
rupees ($39.60 million) on Monday, provisional exchange data
show. 
 ($1 = 59.0950 Indian rupees)

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

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