India's central bank just dropped rates to 5.25% — exactly what markets were betting on. But here's the thing: they're not celebrating. Officials made it pretty clear they're worried about what they're seeing under the hood.

The monetary policy committee pointed to "weakness in some key economic indicators" as the reason for the move. Translation? Things aren't looking as rosy as headline numbers might suggest. Growth metrics are showing cracks, and the central bank's clearly trying to pump some life back into the economy.

This rate cut could ripple through regional markets. Lower borrowing costs usually mean more liquidity sloshing around — and some of that capital tends to hunt for yield in riskier assets. Worth watching how this plays out across Asian financial markets in the coming weeks.