In the backdrop of global financial meltdown, country's financial capital Mumbai improved its tally by 3 notches, emerging as the 7th most preferred destination for investment in 2008, says a report.

"Mumbai is ranked seventh within the worlds top 75 cities in the area of financial flow, which examines factors such as volume of equities, bonds, derivatives and commodities traded," said MasterCard Worldwide Centres of Commerce Index.

In terms of overall ranking, Mumbai has been placed at 48th spot with London retaining the top slot as the global economy's most influential city, it said.
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