An official statement released by the bank said that the decision has been taken in view of the evolving liquidity situation

New Delhi: The Reserve Bank of India (RBI) said on May 24 that it will pour Rs 15,000 crores into the financial system in June via purchase of government bonds via the auction route. The Central bank will buy government bonds under Open Market Operations (OMO).

An official statement released by the bank said that the decision has been taken in view of the evolving liquidity situation. "Based on a review of the evolving liquidity conditions and assessment of the durable liquidity needs going forward, RBI has decided to conduct purchase of government securities under OMO for Rs 150 billion on June 13, 2019," the RBI said.

It added that details about the purchase of government securities will be issued in due course.