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Multi Commodity Exchange of India gets approval to raise foreign investment limit

MultiCommodity Exchange of India Ltd. received approval from the ReserveBank of India to raise the company’s foreign investment limit to 34% from 24%.

Foreign investors are now allowed to invest in up to 34% ofMulti Commodity Exchange of India's paid-up capital under the portfolioinvestment scheme, the central bank said Sept. 30.

Multi Commodity Exchange of India's board and shareholdershave already approved the increase in the company’s foreign investment limit.