The Reserve Bank will pump in 12,000 crore rupees in the market later this week by buying government securities. In its statement, the apex bank said, consistent with the stance of monetary policy and based on the current assessment of prevailing and evolving liquidity conditions, it has decided to conduct Open Market Operations (OMOs) by purchasing the following government securities for an aggregate amount of 12,000 crore rupees. The centeral bank said that as part of the OMOs, it will purchase government securities maturing in 2020 bearing interest rate of 8.19 per cent, 2024 (9.15 per cent), 2027 (8.26 per cent) and 2030 (8.97 per cent).

It added that the auction,would be held through the multi- security auction using the multiple price method. The RBI had last week pumped in 11,128 crore rupees in the system through the OMOs as against the notified amount of 12,000 crore rupees. The central bank has been using the OMOs tool, under which it purchases government securities from banks and other institutions to improve the liquidity situation.