Yields Retract, Rupee Sturdy, Forex Pile Burgeons Anew

Yields on gilts and corporate bonds came off by about 15 basis points last week.

But for Monday and Thursday, when the sentiment was bogged down by tight liquidity and fear of an imminent US strike on Iraq, there was good trading interest due to value buying.

The rupee traded steady in the 47.6450-47.6825 to a dollar band last week. It finished the week at 47.6550/6600 as against Monday