Mumbai, Dec. 12 -- The Reserve Bank will be conducting OMO purchase for an aggregate amount of Rs 50,000 crore on December 18, the apex bank said in a statement on Friday.

According to the statement, the OMO purchase will be carried out through a multi-security auction using the multiple price method.

The operation will cover government securities maturing between 2029 and 2054, including 6.75% GS 2029, 6.10% GS 2031, 6.54% GS 2032, 7.18% GS 2033, 6.33% GS 2035, 7.23% GS 2039 and 7.09% GS 2054.

The RBI clarified that there is no security-wise notified amount, and the aggregate purchase size will remain Rs 50,000 crore.

The RBI said it reserves the right to decide the quantum of purchase of individual securities, accept offers for less...