Mumbai, April 11 -- April 11 :The Reserve Bank of India (RBI) on Friday announced that it will conduct an Open Market Operation (OMO) purchase of government bonds worth Rs 40,000 crore on April 17. The move aims to manage evolving liquidity conditions in the financial system, the central bank said in an official statement.

This bond purchase will be in addition to the Rs 80,000 crore worth of government securities already announced on April 1, which is being conducted in four equal tranches of Rs 20,000 crore each on April 3, 8, 22, and 29. "In a review of current and evolving liquidity conditions, the Reserve Bank has decided to conduct an OMO purchase auction of Central Government's securities for an aggregate amount of Rs 40,000 cror...