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The rupee dropped the most in two weeks as an unprecedented levy on Cyprus' bank savings threatens to throw Europe back into crisis. It declined 0.3 per cent to 54.18 a dollar here, the biggest drop since March 1.
Bonds react downward
Government bonds reacted downwards on fresh selling pressure from banks and companies. The 8.15 per cent government security maturing in 2022 dropped to Rs 101.70 from Rs 101.85 last Friday.
