By Dilip Parmar Indian rupee heads for the eighth monthly decline, the first time in the last two decades such kind of selling has been seen amid domestic and global worries. Central banks have unsuccessfully tried defending their currencies against the US Dollar by running down foreign currency holdings. The fight against depreciation has already drained their FX reserves. However, we are still the median performer among Asian peers mainly on the back of RBI intervention and better growth prospectus after the pandemic. For the current calendar year, India’s forex reserves fell from $633.61 billion to $564.05 billion, as per …
