 "reserve bank of india, rbi")
Sovereign bond buying by central banks in emerging markets, including India, is seen as an emergency action related to the Covid 19 pandemic. However, if the central banks including the Reserve Bank of India, progress to debt monetisation, it could undermine investor confidence, warned Standard and Poor's (S&P).
The global rating agency said sovereign-bond purchases by central banks in emerging markets have not spooked the markets because investors accept these operations as emergency actions related to the Covid-19 pandemic.
"Bond-buying programmes may impair the ability of emerging-market central banks to respond to future crises, with rating implications for the respective
