RBI to buy ₹12,000 crore worth of govt bonds 
The Reserve Bank of India (RBI) on Thursday announced an open market operation (OMO) purchase of government securities worth ₹12,000 crore on March 3. The RBI conducts OMO purchases in order to infuse liquidity into the system whenever there is a deficiency, while it conducts OMO sales to suck excess liquidity from the system. 