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Indian Rupee hits record low as oil shock tests RBI’s firepower
April 30th, 2026 - 08:49 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Indian Rupee hits record low as oil shock tests RBI’s firepower

ALBAWABA- India’s currency is under renewed strain, with the rupee sliding to a record low against the U.S. dollar in late April, intensifying pressure on the Reserve Bank of India to steady markets while shielding the broader economy. The rupee weakened to around 96 per dollar on Thursday, marking a sharp decline from levels near 91–92 earlier this year and extending a multi-year slide that has eroded more than 12% ...
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Other designated entities include Iran-based Tadbir Kish Medical and Pharmaceutical Company and the Moscow-based Mir Business Bank. (Shutterstock)
November 21st, 2018 - 05:14 GMT

US Launches Sanctions on Iranian and Russian Oil Shippers to Syria

Jeddah’s central vegetables market, which is the largest wholesale market in the Kingdom, is witnessing a drop in supplies, pushing up the prices of green leaves. (Shutterstock)
November 21st, 2018 - 05:08 GMT

Labour Shortage and Bad Weather Cause Price Hikes in Saudi Produce

Dubai has a character that is uniquely its own and it shines through even in the newer developments. (Shutterstock)
November 21st, 2018 - 05:02 GMT

The Evolution of Dubai's Property Market

The industry last year generated $25 million in cinema ticket sales, ACC estimates, and with earnings hard to come by, filmmakers tend to stick to popular genres such comedy and action. (Shutterstock)
November 20th, 2018 - 07:21 GMT

When Will Investors Realise the Financial Benefits of Investing in Arab Filmmakers?

The Bahraini delegation met with Vice Mayor of Shenzhen, Ai Xuefeng, and a number of local government officials and business leaders at the Bahrain – Shenzhen Business Forum and the China High-Tech Fair. (Shutterstock)
November 20th, 2018 - 07:16 GMT

Bahrain Joins China's Bandwagon With 8 Landmark MoUs

In the study, researchers at University of Hawaii at Manoa examined how the rapid increase in the use of cryptocurrency like bitcoin would harm the climate. (Shutterstock)
November 20th, 2018 - 07:12 GMT

How Does Bitcoin Mining Affect Climate Change?

Approximately 60 per cent of men said that they were against their wives working in a work place where males were present, 44 per cent of which stated that “she might be harassed” as a reason. (Shutterstock)
November 20th, 2018 - 07:07 GMT

Jordan's Female Workforce Faces Pushback From Male Relatives

"[We have] decided that Germany should impose an entry ban on 18 Saudi citizens, who are presumed to be in connection with this deed, in the Schengen information system," Maas told reporters. (Shutterstock)
November 20th, 2018 - 07:02 GMT

Germany Applies Sanctions on 18 Saudis Over Khashoggi Murder

Urging that details of the murder of Saudi journalist must be revealed, Le Drian said the culprits should be unmasked. (Shutterstock)
November 20th, 2018 - 06:58 GMT

France Launches Sanctions on Saudi Arabia Over Khashoggi Murder

Eager to save a 2015 nuclear accord with Iran from which the United States has withdrawn, the EU has focused its efforts in trying to keep trade flowing with Iran in the face of renewed US sanctions, in order to keep Tehran from pulling out. (Shutterstock)
November 20th, 2018 - 06:48 GMT

EU Mulls Imposing Sanctions on Iran Over Botched France Attack Plot

The forum will be held under the theme, ‘Shaping the Future of Economies’ at the Al Jawaher Reception and Convention Centre in Sharjah. (Shutterstock)
November 20th, 2018 - 06:43 GMT

Sharjah's FDI Forum to Highlight Global Economy Future

The registration has to be completed on the portal, www.emigrate.gov.in, at least 24 hours before departure. (Shutterstock)
November 20th, 2018 - 06:39 GMT

India Imposes Online Registration for Indians Arriving on Employment Visa to 18 Countries

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