Rupee hits record low of 57 against dollar

The rupee fell to a record low against the dollar at 57 for the second successive session today. However, Union Finance Minister Pranab Mukherjee refrained to make any comment on the situation. The rupee had hit its last record low at 56.55 just on Thursday. Earlier in May also the rupee tumbled to a string of record lows, as renewed global risk aversion exposed India's fiscal and economic challenges.