Yields on government securities and corporate bonds, which shot up sharply on the first five trading days of last week, softened substantially on Saturday.
Trading activity in the bond markets during the week was overshadowed by fears that the US may attack Iraq shortly. And a slight tightness in liquidity added to the discomfiture of market.
On the other hand, it was a one-way street in the forex market with the rupee ending at a new 13-month closing high of 47.80/81 per dollar. Forward premiums, which rose sharply on hedging by nervous importers, eased on Friday. The six-month annualised forward ended on Friday at 3.87 per cent as against the previous day
