The Reserve Bank of India announced the potential sale of government securities through open market operation (OMO), in its last monetary policy review announcement on October 6. The move in the words of RBI aims to manage liquidity conditions. However, the timing of this announcement suggests that the central bank is planning to hit three birds with one stone. By not disclosing the amount and timing of the sale, it somewhere hinted that the plan is to use the OMO tool at the most opportune time, where it can eventually prevent the Indian currency from falling further against the dollar.