Yeah you are absolutely on the right path now Armaan. Mixing up macro and micro economics becomes ridiculous, just like mixing cut in fixed deposit rates with inflation cut..
Cut in deposit rates is a result of liquidity tightening measures of RBI policy.
Since the banks have to keep more reserves with themselves they need to cut deposit rates offered to the holders to balance the equation.
Now people like you and me will get lesser amount of interest than earlier!!!
Also, cut in deposit rates does not have any direct concern with inflation-curbing, except for the fact that RBI sucked money from the markets to cut down the same through the channel of banking industry.
Perhaps, Yash was not comfortable with the treatment of news item taken from somewhere.
Well this way we had some hot debate over a subject !!!