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Titan shares fall; RBI limits foreign investment

Reuters Market Eye - Shares of Titan (NSI:TITAN.NS - News) fall 2.7 percent after the Reserve Bank of India on Wednesday put a cap on further foreign institutional investments in the company.

The RBI regularly prevents foreign institutional investors from buying shares in companies if they are approaching the limit stipulated by regulations and will then re-adjust once foreign ownership falls below the prescribed level.

(Reporting by Indulal P)