Mumbai, Jan. 27 -- The Reserve Bank is set to infuse the much-needed liquidity of Rs.1.5 trillion into the system over a period of time through a combination of forex and money market measures, setting the stage for a potential rate cut next week.

RBI on Monday said it will purchase government securities worth Rs.60,000 crore through open market operations (OMOs) in three tranches of Rs.20,000 crore each. Through this measure, RBI will purchase G-secs from the open market, thereby injecting liquidity into the system. The OMO auctions will take place on 30 January, 13 February, and 20 February, it said in a release.

As part of the measures, RBI will also conduct a 56-day variable rate repo auction worth Rs.50,000 crore on 7 February and ...