Will the huge liquidity surplus — 7.4 trillion as on 16.9.26  — be a challenge to RBI [MPC meet]- [1]Repo Rate 5.25% and WACR is languishing at 5% –[2] AND MSF –Marginal Standing Facility- 5.5%–[3] To make monetary transmission effective–the first step is to ensure that weighted average call rate [WACR] aligns with the policy repo rate — Courtesy BS