Mumbai, Jan. 23 -- Amid persistent tightness in liquidity conditions, the Reserve Bank of India (RBI) today announced its third tranche of open market operations (OMOs) for the purchase of government securities worth Rs.1 trillion and dollar-rupee buy/sell swaps of $10 billion, to be conducted in February.

The central bank will purchase government securities worth Rs.50,000 crore each on 5 February and 12 February, whereas it will auction dollar/rupee swaps of three years on 4 February, it said in a release.

"The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly liquidity conditions," it said.

In addition, RBI also announced a 90-day Variable Rate Repo (VRR...