Mumbai, June 10: The rupee breached its all-time low of 57.32 against dollar in early trade on Monday. It traded at 57.52 against Friday's close of 57.06/07 as of 09.28 a.m. The Indian currency had earlier hit a low of 57.54 against the greenback.

The rupee has been falling sharply since the start of May on concerns that the U.S. Fed may withdraw its monetary stimulus and the Reserve Bank of India may not cut rates as much as previously anticipated.

The rupee has been falling for five straight weeks, taking its losses since the start of May to 5.71 percent, to make it among the worst performing currencies in Asia during this period.

The rupee weakness was in contrast to the strong opening in stock markets. The BSE Sensex jumped over 150 points in early trade, but the sharp fall in the rupee weighed on sentiments.

Deven Choksey, managing director of KR Choksey said given the negative trend on rupee and crude oil, equities too will have negative bias. In such a situation, the Nifty may trend down to 5,750-5,700 levels, he added.