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Rupee has appreciated against dollar by 1 per cent to 94.49 on Friday against 95.35 on August 26

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Last week, the 30-share BSE Sensex declined 749.08 points, or 0.96 per cent, while the 50-share NSE Nifty fell 277.95 points, or 1.14 per cent.

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The equity sell-off was led by heavy outflows on September 1, when FPIs net sold shares worth ₹5,432.83 crore, followed by further selling of ₹953.84 crore on September 3 and ₹2,820.66 crore on September 4

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The IPOs are scheduled to hit the market between September 7 and September 15.

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The outflow came after foreign portfolio investors (FPIs) infused ₹30,919 crore in August.

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