To inject durable liquidity into the banking system, the Reserve Bank of India on Wednesday said it will conduct two tranches of open market operations and a longer duration dollar/rupee buy/sell swap. The RBI will conduct two OMOs, totalling Rs 1 lakh crore on March 12 and March 18, while also conducting another round of dollar/rupee buy/sell swap worth $10 billion on March 24, the official statement said. "Detailed instructions for each operation shall be issued separately. 3. The Reserve Bank will continue to monitor evolving liquidity and market conditions and take measures as appropriate to ensure orderly liquidity conditions," the RBI said in the official statement. Since mid-January, the Reserve Bank of India has infused funds to counter a sharp decline in liquidity caused by its aggressive intervention in the foreign exchange market, among other factors.The RBI also cut its key interest rate for the first time in nearly five years earlier this month, but market participants say sufficient liquidity is a must to ensure effective policy transmission by lenders.India's banking system liquidity deficit was around Rs 1.7 lakh crore, as on February 20.The central bank could inject cash by opting for more open market bond purchases or boost non-resident Indian deposits, said Vivek Kumar, an economist at QuantEco Research.The RBI has so far bought bonds worth Rs 1.39 lakh crore through open market and secondary purchases and infused around Rs 44,000 crore through a $5 billion dollar/rupee swap.Despite regular fund infusions, the weighted average interbank call money rate has stayed comfortably above the RBI's policy repo rate.