Asia Top News and Analysis India

  • *China official services PMI slows. *China, South Korea on holidays. TOKYO, Oct 3- The dollar firmed while most riskier assets fell on Wednesday as data from China and Australia deepened gloom about the global economic outlook, further reducing risk appetite already hurt by uncertainty about the timing of Spain's request for a bailout.

  • The Reserve Bank of India said on Wednesday, it accepted all 6 bids for 139.3 billion rupees at its one-day repo auction, through which it injects liquidity into the banking system. DATE APPLICATIONS APPLICATIONS FIXED RATE RECEIVED ACCEPTED.

  • CHENNAI, Oct 3- India's June quarter current account deficit is still outside the comfort zone, the Reserve Bank of India's deputy governor Subir Gokarn said.

  • TAIPEI, Oct 3- Taiwan stocks ended down 0.44 percenton Wednesday, dragged lower by defensive plays such as paper. The Taiwan dollar was up by T $0.065 to trade at T $29.32. ASIA-PACIFIC STOCK MARKET REPORTS: Japan..........

  • India's benchmark 10- year bond yield. India's benchmark 5- year OIS down 4 basis points at 6.99 percent, while the 1- year rate also fell 3 bps to 7.58 percent. India's one-day cash rate at 7.95/ 8.00 percent versus its previous close of 8.10/ 8.15 percent.

  • *Qua Iboe valued at dated plus $2.20- $2.60. LONDON, Oct 3- Nigerian crude oil differentials slipped a little on Wednesday as a small overhang of November-loading cargoes encouraged sellers to move lower. *Qua Iboe: 5- 10 cents per barrel lower, traders said.

  • MANILA, Oct 3- 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 other export-dependent economies.

  • *China official services PMI slows. *China, South Korea on holidays. TOKYO, Oct 3- The dollar firmed and most riskier assets fell on Wednesday as data from China and Australia added to gloom about the global economic outlook, which already was deepened by uncertainty about the timing of Spain's request for a bailout.

  • MUMBAI, Oct 3- India's Kingfisher Airlines. fell 4.9 percent, down almost by its daily limit move of 5 percent, after cancelling all flights through Thursday because of labour unrest and being ordered to submit a revival plan before it can fly again.

  • COMMERCIAL BANKS' CASH AS ON AVG DAILY CASH FORTNIGHT BALANCES WITH RBI DATE RESERVE REQUIREMENT ENDING 3,360.6100 28/ 09 3,019.2000 05/ 10 3,144.3200 27/ 09 3,019.2000 05/ 10 3,038.2600 26/ 09 3,019.2000 05/ 10 3,192.3100 25/ 09 3,019.2000 05/ 10 3,130.1100 24/ 09 3,019.2000 05/ 10 3,122.5700 22/ 09 3,019.2000 05/ 10 3,195.7200 21/ 09 3,172.5000 21/ 09 3,243.4800 20/ 09 3,172.5000 21/ 09 3,155.0800 19/ 09 3,172.5000 21/ 09 3,136.0400 18/ 09 3,172.5000 21/ 09 2,946.4300 17/ 09 3,172.5000 21/ 09 3,255.7000 15/ 09 3,172.5000 21/ 09 3,481.2400 14/ 09 3,172.5000 21/ 09 3,221.2400 13/ 09 3,172.5000 21/ 09 3,187.3400 12/ 09 3,172.5000 21/ 09 3,342.4800 11/ 09 3,172.5000 21/ 09 3,146.0900 10/ 09 3,172.5000 21/ 09 3,188.1700 08/ 09 3,172.5000 21/ 09 3,171.0000 07/ 09 3,156.9000 07/ 09 2,947.0500 06/ 09 3,156.9000 07/ 09 2,961.4300 05/ 09 3,156.9000 07/ 09 3,096.5500 04/ 09 3,156.9000 07/ 09 3,132.0200 03/ 09 3,156.9000 07/ 09 3,393.6800 01/ 09 3,156.9000 07/ 09 3,301.2000 31/ 09 3,156.9000 07/ 09 3,175.7400 30/ 08 3,156.9000 07/ 09 3,262.0100 29/ 08 3,156.9000 07/ 09 3,249.5700 28/ 08 3,156.9000 07/ 09 3,244.1700 27/ 08 3,156.9000 07/ 09 3,219.7500 25/ 08 3,156.9000 07/ 09 2,939.2100 23/ 08 3,100.7800 24/ 08 2,974.5500 22/ 08 3,142.2000 24/ 08 3,006.9800 21/ 08 3,142.2000 24/ 08 3,300.0800 20/ 08 3,142.2000 24/ 08 3,301.5000 18/ 08 3,142.2000 24/ 08 3,276.4300 17/ 08 3,142.2000 24/ 08 3,192.0700 16/ 08 3,142.2000 24/ 08 3,247.4100 15/ 08 3,142.2000 24/ 08 3,247.4100 14/ 08 3,142.2000 24/ 08 3,083.8900 13/ 08 3,142.2000 24/ 08 3,242.6900 11/ 08 3,142.2000 24/ 08 3,237.6600 10/ 08 3,134.6000 10/ 08 3,161.4600 09/ 08 3,134.6000 10/ 08 2,988.4400 08/ 08 3,134.6000 10/ 08 2,892.0600 07/ 08 3,134.6000 10/ 08 3,039.5500 06/ 08 3,134.6000 10/ 08 3,174.7600 04/ 08 3,134.6000 10/ 08 3,177.8400 03/ 08 3,134.6000 10/ 08 3,176.5700 02/ 08 3,134.6000 10/ 08 3,315.0000 01/ 08 3,134.6000 10/ 08 Source- RBI website:.

  • ----------PREVIOUS ITEMS Plan panel deputy wants more cut in fuel subsidies- Hindustan Times---------- Paharpur in talks to buy SPX Corp's cooling business- Economic Times---------- Ashok Leyland looking for partner to sell trucks in US- Economic Times---------- Reliance may freeze oil, gas spending due to price cap- Economic Times---------- Reliance Cap plans 10- bln-rupee realty fund- Economic Times----------.

  • ----------PREVIOUS ITEMS Paharpur in talks to buy SPX Corp's cooling business- Economic Times---------- Ashok Leyland looking for partner to sell trucks in US- Economic Times---------- Reliance may freeze oil, gas spending due to price cap- Economic Times---------- Reliance Cap plans 10- bln-rupee realty fund- Economic Times----------.

  • ----------PREVIOUS ITEMS Ashok Leyland looking for partner to sell trucks in US- Economic Times---------- Reliance may freeze oil, gas spending due to price cap- Economic Times---------- Reliance Cap plans 10- bln-rupee realty fund- Economic Times----------.

  • *Nifty futures on the Singapore Exchange. *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.

  • *The euro started trade on Wednesday slightly on the back foot after Spain dented hopes that it would soon ask for a bailout, while the Australian dollar threw a fit on prospects of more domestic interest rate cuts following Tuesday's easing.

  • Oct 3- Bajaj Auto Ltd September vehicle sales:. September 2012 September 2011 Pct Change TOTAL SALES 360,152 417,686 -14 MOTORCYCLE SALES 315,314 371,208 -15 EXPORTS 133,222 141,913 -6. NOTE: Bajaj Auto is India's No.2 motorcycle maker and the top producer of motorised three-wheeled rickshaws.

  • ----------PREVIOUS ITEMS Reliance may freeze oil, gas spending due to price cap- Economic Times---------- Reliance Cap plans 10- bln-rupee realty fund- Economic Times----------.

  • ----------PREVIOUS ITEM Reliance Cap plans 10- bln-rupee realty fund- Economic Times----------.

  • Note: Reuters has not verified these stories and does not vouch for their accuracy.

  • GLOBAL MARKETS-Dollar firms on uncertainty over Spain bailout timing. revised down its 2012 capital expenditure to around $165 million- $190 million from $300 million earlier, on concern over sluggish global coal industry, said finance director John Joseph Ramos, adding that the firm has delayed working on some infrastructure projects until the next year.