Reserve Bank today said it would sell 12,000 crore rupees government bonds through Open Market Operations – OMO to mop up liquidity from the system. A RBI statement says that the OMO will be conducted on 1st December through multi-security auction using the multiple price method. RBI has said that it would decide on the quantum of sales of individual securities. It would also have the option to accept bids for less than the aggregate amount of 12,000 crore rupees. As part of the OMOs, the RBI will sale government securities maturing in 2017, bearing interest rate of 8.07 per cent; 2020 bearing interest rate of 7.80 per cent; 2022 bearing interest rate of 8.08 per cent and 2027 bearing interest rate of 8.26 per cent.