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MARKET EYE-SGX Nifty falls; ADB cuts outlook for developing Asia

* Nifty futures on the Singapore Exchange

fell 0.5 percent, while the MSCI-Asia Pacific index excluding Japan

rose 0.01 percent.

* The dollar firmed and most riskier assets edged lower on Wednesday as uncertainty over the timing of Spain's request for an international bailout added to worries about slowing global growth.

* Markets in China and South Korea are closed for holidays on Wednesday. * The Asian Development Bank cut most of its 2012 and 2013 growth estimates for developing Asia on Wednesday as a slump in global demand weighs on the region's powerhouses China and India and on its export-dependent economies.

* Foreign investors bought 2.07 billion rupees of stocks on Monday, when the BSE index

rose 0.33 percent, provisional exchange data showed. * Investors on the lookout for additional action from the government, after reform measures last month sparked a rally in stock markets. * Also on watch, an Indian ministerial panel meets to discuss a plan to ask older telecom companies to pay for their existing airwave holding at a price to be derived in an upcoming auction. (0630GMT)

(abhishek.vishnoi@thomsonreuters.com)