Although outflows from tax-free money market funds dipped below $1 billion mark this week, they continued to put a damper on the industry as investors withdrew $773.1 million and total net assets fell to $288.52 billion in the week ended Oct. 3, according to the Money Fund Report, a service of iMoneyNet.com.

The previous week saw tax-exempt funds finish with $289.28 billion after losing $2.83 billion.

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