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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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As oil prices are down more than 20% from the highs of the year, the market expects Opec+ to decide in December 2018 on continuing oil production cuts in order to support oil prices. (Shutterstock)
November 20th, 2018 - 06:34 GMT

Qatar Able to Balance 2018 Budget With Oil Price Padding of $23.8

"There will be no banks - there will not be a centralized function of anything"  - John McAfee
November 19th, 2018 - 01:20 GMT

John McAfee’s Blockchain Future: The DeLorean, Satoshi Nakamoto and the End of Government (Podcast Promo)

Over the course of 2020-23, IMF projects Qatar’s real GDP growth of about 2.7% annually. (Shutterstock)
November 19th, 2018 - 10:05 GMT

IMF Approves Qatar's Fiscal Policy

The Iranian oil minister reiterated that he expected it to expedite the preliminaries to start piping Iranian gas to Oman. (Shutterstock)
November 19th, 2018 - 09:59 GMT

Iran, Oman Initiate Gas Export Talks

3,000 small- and medium-sized companies as well as large firms are working with Iran. (Shutterstock)
November 19th, 2018 - 09:45 GMT

Non-US Linked Companies in Foreign Countries Continue Iran Trade Despite Sanctions

The exported non-oil goods weighed 576,000 tons. (Shutterstock)
November 19th, 2018 - 09:39 GMT

Iran's Non-Oil Exports to Qatar Reach $2.9 Million

Dubai Builds on Its Smart City Infrastructure. (Shutterstock)
November 19th, 2018 - 09:29 GMT

Dubai Builds on Its Smart City Infrastructure With $161 Million Smart Traffic Systems Project

According to the company’s plan, the complex will be the largest complex in the world for the manufacture of cosmetics and pharmaceutical industries, and will provide about 1,500 job opportunities for youth. (Shutterstock)
November 19th, 2018 - 09:20 GMT

Japan Announces $10 Million Worth Cosmetics, Pharmaceutical Complex in Egypt

The outstanding contributions of Saudi Arabia in the field of humanitarian aid and relief, amounted to $84.7 billion between 1996 and 2018. (Shutterstock)
November 19th, 2018 - 09:08 GMT

As Saudi Continues Its War in Yemen, the Kingdom Boasts $84.7 Billion Foreign Aid

According to informed sources, PAM has implemented a new condition for the renewal of work permits of highly qualified expatriate employees. (Shutterstock)
November 19th, 2018 - 07:35 GMT

Kuwait Continues Crackdown on Expats by Nulling Their Job Titles

The compensation does not include indirect losses. (Shutterstock)
November 19th, 2018 - 07:23 GMT

Kuwait Endures More Than KD 300 Million in Losses Due to Bad Weather

The personnel changes are somewhat surprising because the LEF’s performance during the unrest of the past year has been effective. (Shutterstock)
November 19th, 2018 - 07:16 GMT

With Contradicting Statements on Iran's Economic Performance, Which One to Believe?

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