Undue volatility in the rupee not desirable: Rajan

NEW DELHI (Reuters) - "Undue volatility" in the rupee is not desirable, chief economic adviser Raghuram Rajan said on Wednesday.

The rupee, the worst performing emerging Asian currency this year, hit a lifetime low of 61.21 to the dollar last week, but recovered some of the losses to trade stronger at 59.36/37 earlier on Wednesday.

(Reporting by Rajesh Kumar Singh, editing by Ross Colvin)