IE8 doesn’t remember the “Save As..” Location

Issue
IE8 doesn’t remember the “Save As..” Location and it has to be selected every time while opening a new tab also.
Cause
This is by design and unlike in other browsers you may not be able to set a default location.
Resolution
To resolve the issue, you have to create a new registry entry. I’ve created a .reg file to make this process ease.
However, it is recommended to take a backup of the Windows registry before making any modifications. This will help you to restore the registry incase of any issues.
Also, read the readme.txt file before applying the solution.
Download the fix
Now your IE will remember the Save As.. Location.
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