Government bond prices ended down on Wednesday as investors trimmed portfolios eyeing big supply of bonds through auctions Friday and on view RBI may not announce any more rate cuts for a while, dealers said.
RBI will sell Rs 6,000 crore of 8.24 per cent, 2018 gilt and Rs 4,000 crore of 8.28 per cent, 2032 gilt on Friday.
The most traded 8.24 per cent, 2018 gilt settled at Rs 103.18 or 7.7585 per cent compared with Rs 104.05 or 7.6306 per cent on Tuesday.
