Like any other trade in life, the relative value of one currency against another depends on which is demanded more. If Indians demand more US dollar than Americans demand the Indian rupee, the exchang

The Indian rupee has seen a sharp depreciation, hitting an all-time low of 85 against the US dollar today. The fall comes on the back of a combination of global and domestic factors that have weighed down the currency. The US Federal Reserve's recent policy decisions have been a major contributor to the downward trend.

The Indian rupee saw a modest recovery on December 20, appreciating by 6 paise to open at Rs 85.07 against the US dollar in early trade. This comes after it hit an all-time low of Rs 85.13 the previous day,