Rupee slumps to record low, breaches 94-mark against US dollar

Representational image. | Indranil Mukherjee/AFP The Indian rupee fell to a record low on Wednesday, breaching the 94-mark against the United States dollar amid the conflict in West Asia.The rupee had opened at 93.94 in the interbank foreign exchange market. It slumped 29 paise to close at a record low of 94.05 against the US dollar as the outflow of foreign funds continued, PTI reported.The rupee had dropped 23 paise to close at 93.76 against the US dollar on Tuesday.Foreign institutional inves...