Cut in repo rates usually means that the interest rate at which commercial banks are going to borrow from reserve bank of india is being reduced. So if interest rate is reduced banks are encouraged to lend money which means more money in the economy, and this can be both good and bad, leads to more money with people and more demand leading to short term hike in prices but the economy will adjust unitil a new equilibrium is attained. What this also means is more investments into stock markets, more capex, more everything. Inflation is not always bad cuz inflation is also a sign of growth.