Nifty futures rise by 0.85%

* Nifty futures on the Singapore Exchange rise 0.85 percent. The MSCI-Asia Pacific index excluding Japan is up 0.65 percent

* Wall Street slipped on Monday, pulling back from last week's gains, as retailers fell on concerns about heavy discounts at the start of the U.S. holiday shopping season and the overhang of the "fiscal cliff" kept investors wary of making big bets.

* The euro hit a one-month high and Asian shares climbed for a seventh straight day on Tuesday after a deal on new debt targets for Greece and a political agreement on disbursing the next installment of aid.

FACTORS TO WATCH

* Finance minister P Chidambaram will address the media at 4:15 p.m. at the Congress headquarters in New Delhi on how the government intends to push its economic reforms in parliament against the tactics of an obstructive opposition.

* Top officials from Reserve Bank of India and Chinese government part of the 'Asian Financial Cooperation Conference' in Mumbai.

* RBI Deputy Governor Anand Sinha speaks on panel at 0415 GMT on Basel III. Will India force its banks to raise capital next year when the new rules kick in?

INDIAN STOCKS TO WATCH

MACRO/POLICY

* Moody's says India's rating outlook is stable.

* India's central bank has relaxed overseas borrowing rules for successful bidders in the country's cellphone airwaves auction, making it easier for them to raise money to pay the cash-strapped government.

* India's National Stock Exchange (NSE) has named

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