RBI seeks feedback to align the overnight call rate with the 5.50% repo rate, as it trails at 5.30%, signaling cheaper bank funding.

• RBI reviews liquidity conditions after call rate lags policy rate, aiming to close the persistent gap.
• The central bank may adopt variable-rate reverse repo auctions to manage surplus liquidity and stabilize rates.
• The market urges gradual rate alignment to avoid volatility, ensuring smooth monetary policy transmission.