RBI monetary policy: Call below repo to comfort banks

"Our attempt, of course, is to keep the WACR as near as possible to the policy rate. However, in times like this when there is so much uncertainty, we want to give comfort to banks that liquidity will not be in deficit. So that's why we have allowed WACR to be at the lower end of the LAF corridor," RBI governor Sanjay Malhotra said in his post-policy press conference.