Rupee breaches 94 level, bond yields climb as oil prices and fiscal concerns rise

Rupee breaches 94 level, bond yields climb as oil prices and fiscal concerns rise

Rupee weakens past 94 per dollar for first time as crude rises and tensions persist; bond yields climb on fiscal impact of fuel duty cuts.

The Rupee opened above the 94 mark against the US Dollar for the first time, and yields of Government Securities (G-Secs) jumped amid the raging war in West Asia, rising crude oil prices, and outflow… [+1555 chars]