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FIIs step up buying after rupee nears 53 against dollar
Foreign institutional investors (FIIs) infused money in both equities and debt, as the rupee was nearing 53 levels against the dollar last week, on hopes the domestic currency may not fall much from that level. In last week’s four trading sessions, FIIs, considered savvy investors, pumped in close to Rs 1,400 crore into Indian equities and another Rs 1,300 crore into the debt market, according