New Delhi, Dec. 24 -- The Reserve Bank of India (RBI) has announced a fresh round of liquidity infusion measures through open market operations (OMOs) and a foreign exchange buy-sell swap, under which it will inject close to Rs 3 trillion into the banking system to ease tightening liquidity conditions.

The central bank said it will purchase Government of India securities worth Rs 2 trillion through OMOs in four tranches of Rs 50,000 crore each, scheduled for December 29, January 5, January 12 and January 22.

In addition, the RBI will conduct a three-year USD-INR buy-sell swap of USD 10 billion on January 13.

Addressing Forex-Driven Liquidity Pressures

Analysts said the RBI's move is primarily aimed at offsetting liquidity drained due ...