BENGALURU, Dec 12 (Reuters) - Indian shares were set to fall on Monday, as traders braced for local retail inflation data, due later in the day, and a flurry of interest rate decisions by major central banks this week.
India consumer price inflation for November likely cooled to a nine-month low of 6.40%, according to a Reuters poll.
U.S. consumer inflation data for November, scheduled to be released on Tuesday, would also be keenly watched.
read moreForeign institutional investors sold 1.58 billion rupees ($19.16 million) worth of equities on a net basis on Friday, while domestic investors bought 5.02 billion rupees ($60.88 million) worth of shares, as per provisional NSE data.
** PSP Projects (PSPP.NS): Co received a letter of intent for project worth 1.22 billion rupees from Nila Spaces.