"Based on the current assessment of prevailing and evolving liquidity conditions, the Reserve Bank has decided to conduct purchase of government securities under open market operations for an aggregate amount of Rs 150 billion on March 17, 2016," RBI said in a notification.

As part of the OMOs, RBI will purchase government securities maturing in 2020 (bearing interest rate of 8.27 percent), 2022 (8.35 percent), 2024 (8.40 percent), 2026 (8.33 percent) and 2028 (8.60 percent), 2032 (8.32 percent).

There is an overall aggregate ceiling of Rs 150 billion for all the securities in the basket put together, RBI added.

Earlier on March 10, RBI had bought g-secs of similar quantum to infuse liquidity into the market.

OMOs are market operations conducted by RBI by way of sale/purchase of government securities to/from the market with an objective to adjust the rupee liquidity conditions in the market on a durable basis.

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