Mumbai: The Securities and Exchange Board of India (Sebi) allowed exchanges to start commodity trading an hour earlier to increase participation of different stakeholders, the market regulator said in a statement on Friday.

The commodity markets can open at 9 am local time (0330 GMT), instead of 10 am now, the market regulator said.

The closing time for agriculture commodities has also been extended by 4 hours to 9 pm, it said.

The commodity exchanges had requested market regulator to consider extending the trading hours considering the influence of overseas market on local prices.

This story has been published from a wire agency feed without modifications to the text.

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