SGX Nifty edges higher; RBI policy awaited

* Nifty futures on the Singapore Exchange rose 0.09
percent. The MSCI-Asia Pacific index, excluding Japan 
 was down 0.48 percent.         
*  Foreign investors bought 10.26 billion rupees of stocks,
while domestic institutions sold 7.52 billion rupees of stocks
on Thursday, when India's BSE index fell 0.51 percent. 
* Investors are expected to avoid taking large positions ahead
of the weekend and the Reserve Bank of India's monetary policy
review on Tuesday.
* Earnings on Friday: Maruti Suzuki India Ltd,
Reliance Power Ltd.
* Also on watch: Duvvuri Subbarao, governor of India's Reserve
Bank of India, to meet Finance Minister P Chidambaram, ahead
of the Jan. 29 review of the monetary policy. (1030 GMT)

Posted in: MARKET EYE