New Delhi, March 6 -- The Reserve Bank of India (RBI) unveiled new measures on Wednesday designed to alleviate the persistent liquidity constraints affecting the banking system.

These initiatives include the purchase of government bonds through open market operations (OMO) and foreign currency swaps, implemented following "a review of current and evolving liquidity conditions," according to the central bank's official release.

The announced open market operations will involve RBI purchasing government securities valued at Rs 1 trillion, to be conducted in two separate tranches of Rs 50,000 crore each. These auctions are scheduled for March 12 and March 18, respectively.

Additionally, the central bank plans to conduct a buy/sell USD/INR...