Rupee hits record low of 64.50 per dollar

The rupee hit an all-time life low on Wednesday, trading around 64.46 against dollar surpassing Tuesday's low of 64.11. The BSE Sensex crashed over 700 points from the day's high on Wednesday. The broader Nifty broke below the 5,300 levels after edging above the 5,500 levels in opening trades.