The Reserve Bank of India said on Monday that it will inject further liquidity into the banking system by conducting open market operation purchase auctions and long-tenure dollar-rupee buy/sell swaps.

The RBI will conduct OMO purchases of government securities worth Rs 1 lakh crore in two tranches of Rs 50,000 crore each. The first auction will be held on March 12 and the second by March 18.

Further, the central bank has also decided to hold a dollar-rupee buy/sell swap auction of $10 billion for 36 months to be held on March 24.

This is the second such large auction by the RBI recently. On Feb. 28, the RBI conducted long-term dollar-rupee buy-sell swap auctions worth $10 billion for three years.

The central bank said that it will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly liquidity conditions. It will also issue detailed instructions for each operation separately.