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Indian shares are set to open flat on Monday, after overseas investors sold Indian shares worth 7.23 billion rupees ($120.60 million) on Friday, provisional exchange data shows.

Disappointment over the lack of specifics in the federal budget could linger, keeping shares off the record highs hit on July 8.

Caution ahead of May WPI (1200 India time/0630 GMT) and May CPI (1730 India time/1200 GMT) data.

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