How does or should REPO CUT help?

The repo cut would (rather should) bring about the following
1. Bring down the Overnight (Call rates) which have climbed up to 21%.
2. Interest rate on loans for retail customers would be relaxed
3. Expand the flow of credit from Banks (so that banks start lending) that are simply sitting on huge pile of cash taking an overly cautious approach on borrowers. Redemption pressures on Mutual Funds would reduce.
4. The M2M of G-sec and C-debt papers would become attractive as 10 year benchmark yields (prices would raise) would fall further.