VIDEO: Why is the rupee falling?

Global and local factors are playing a big role in how the rupee is faring against the US dollar. Last month, the rupee fell to a record low of 68.86 per dollar, breaching the 68.85-mark it sunk to in August 2013. 

A possible rate hike by the US Federal Reserve when it meets next week, or the decision by Organisation of the Petroleum Exporting Countries (OPEC) to cut crude output are likely to have a bearing on the rupee. Besides, the redemption of around  USD 20 billion-worth Foreign Currency Non-resident (FCNR) deposits may also impact the rupee.

Here is a quick video to help you understand why the rupee is falling.