MUMBAI: The Reserve Bank of India (RBI) Tuesday said it would infuse ₹12,500 crore into the system through open market operations on Thursday. Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the RBI has decided to conduct purchase of the government securities under open market operations (OMOs) for ₹12,500 crore on March 14, the central bank said.

The purchase will happen through multi-security auction using the multiple price method. There is an overall aggregate ceiling of ₹ 12,500 crore for all the securities in the basket put together.

There is no security-wise notified amount, it said. The RBI said it reserves the right to decide on the quantum of purchase of individual securities and accept offers for less than the aggregate amount of ₹ 12,500 crore or purchase marginally higher than the aggregate amount due to the rounding-off effects.