Gilts fall as money market rates spike

Government bond prices ended lower Thursday as money market rates spiked after having been benign earlier in the week, with traders readjusting their expectations on the Reserve Bank of India's liquidity management back to the weighted average call rate remaining around the repo rate of 5.50%, dealers said.

- Informist

Some traders short-sold heavily traded gilts ahead of the INR 280-billion weekly gilt auction Friday.