Govt bonds end down

Prices of most government bonds ended down on Friday after the RBI set a lower cut off price on the 6.01%, 2030 paper at the weekly gilt auction, dealers said.

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However, the sharp recovery of the rupee against the dollar prevented a further fall in gilt prices. The rupee appreciated to close at 89.27 per dollar after hitting 90.29 during the day. Gilt purchases by public sector banks towards the end of tr