The way I understand it is as follows:
Inrush current is the high current drawn by a motor during its acceleration period. Inrush current begins when the motor is turned on and continues until it reaches rated speed. High inrush current decreases as the motor accelerates.
Locked rotor current (LRC) is the highest level of inrush current, which occurs the moment the motor is turned on.
Since at the start of the motor/transformer the transient reactance is very small, where, only the resistance is available, therefore, the inrush current starts very large during which the initial build-up of the magnetic field i.e., charging the inductors increases the electromagnetic coupling and the reactance.