On 7 January, the Reserve Bank of India (RBI) will purchase and sell government securities simultaneously under open market operations (OMOs) for ~ 10,000 crore each. The decision was taken, the RBI said in a statement, after an analysis of the existing liquidity and financial conditions. Eligible participants could send their tenders to the RBI core banking solution (E-Kuber) system in electronic format between 10 and 11 a.m. on 7 January. The outcome will be announced on the same day and successful participants should, by noon on 8 January, ensure that the required amount of securities is available in their current account or subsidiary general ledger (SGL) account. Some financial market segments have experienced a tightening of financial conditions, as reflected in the hardening of yields and widening of spreads, with the increase of COVID-19 pandemic risks. Present and evolving liquidity and market conditions have been regularly reviewed by the central bank.