Mumbai, Feb. 20 -- Reserve Bank of India (RBI) stated in its latest monthly update that overall financial conditions exhibited some tightness from the second half of January till February so far (up to 17th) driven by relative tightening in the corporate bond market. From a relatively mild surplus in the second half of January, system liquidity rose towards the end of the month and into February. This rise was primarily induced by the accelerated government spending and a series of liquidity-augmenting measures by the RBI. The Reserve Bank conducted six variable-rate repo (VRR) auctions in the second half of January to address the transient liquidity tightness. The Reserve Bank also conducted open market operations (OMOs) purchase auction...