The Reserve Bank has said, it will purchase up to 10,000 crore rupees worth of government bonds through an auction to infuse long-term liquidity in the banking system. The auction scheduled for today is the second such auction in the current financial year.RBI has offered to buy four government securities for a total value of 10,000 crore rupees saying that the move is based on its assessment of prevailing and evolving liquidity conditions. The move has arrived at a time when liquidity deficit has risen to 1-1.5 trillion rupees and banks are borrowing heavily through term repos and daily repo tenders as well.