Rupee Value: Rupee under pressure: INR breaches 94-per-dollar mark for the first time; geopolitical tensions, foreign outflows weigh heavily
The rupee breached the 94-per-dollar mark for the first time ever on Monday but recovered sharply to close flat at 93.53 against the US dollar, instead of ending at a fresh record closing low, amid geopolitical tensions in the Middle East, persistent foreign fund outflows and volatile crude oil prices.At the interbank foreign exchange market,…