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 witnessed a sharp fall, hitting an all-time low of 84.94 against the US dollar on December 18. The fall is just six paise shy of the 85 mark, hinting at further decline. The currency opened slightly lower than its previous close at 84.92, down by two paise from 84.90.

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

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,

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.