New Delhi, March 5 -- The Reserve Bank of India (RBI) on Wednesday announced more measures to ease the tight liquidity conditions in the banking system.

The measures, which include the purchase of government bonds under open market operations (OMO) and foreign currency swaps, have been taken "on a review of current and evolving liquidity conditions", the central bank said in a release.

Under the OMO auctions, RBI will purchase government securities worth Rs.1 trillion in two tranches of Rs.50,000 crore each, to be held on 12 March and 18 March.

The central bank will also conduct a buy/sell USD/INR currency swap auction amounting to $10 billion for a tenor of 36 months on 24 March.

RBI will issue detailed instructions for each operatio...