RBI will conduct an Open Market Operation(OMO) purchase for an aggregate amount of ₹50,000 crore through a multi-security auction on December 18, it announced on Friday. The operation will cover government securities maturing between 2029 and 2054. Eligible participants are required to submit their bids electronically on the RBI's E-Kuber system between 9.30 am and 10.30 am on December 18.