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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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Fully financed by the Abu Dhabi Fund for Development, ADFD, the UAE-CREF is the largest renewable energy initiative of its kind in the Caribbean, representing a partnership between MOFAIC, ADFD, and Masdar, the project manager and implementing lead. (Shutterstock)
November 7th, 2018 - 07:03 GMT

UAE-Caribbean $ 50 Million Renewable Energy Fund Projects Breaks Ground

US will continue to negotiate with India and the seven other countries receiving the six-month exemption to get them to cut their Iranian imports to zero. Since the reimposition of sanctions were announced, India has been cutting back on the Iranian imports. (Shutterstock)
November 7th, 2018 - 06:51 GMT

India Officially Exempt From Iran Sanctions

The line would extend from Haifa, Israel’s largest port, passing through Jordan before connecting with existing railways in the Gulf. (Shutterstock)
November 7th, 2018 - 06:46 GMT

Israel's Railway Proposal to Bolster Its GCC Ties Against Iran Sentiments

The design of the reactor has been developed by KACST scientists with the help of international experts. (SPA)
November 7th, 2018 - 06:40 GMT

Bin Salman Attends Saudi Arabia’s First Nuclear Research Reactor Project Launch

Industry estimates suggest Iran’s oil exports have in fact fallen by 40-60 percent since Trump said in May that he would reimpose sanctions, but 180-day exemptions for Iran’s biggest oil clients could mean they rise again after November. (Shutterstock)
November 7th, 2018 - 06:35 GMT

Iran Oil Exports Fell 60 Percent Since Sanctions, but Officials Deny Such Reports

Lebanon’s Central Bank and commercial banks have constantly updated anti-money laundering and terrorism financing procedures, in line with international standards. (Shutterstock)
November 6th, 2018 - 08:55 GMT

Lebanese Bankers Claim US Sanctions to Have No Effect on Economy

Workers at an onshore Iranian oil facility. (PressTV)
November 6th, 2018 - 08:42 GMT

Iran to Turn to Domestic Resources to Lessen Sanctions Impact

The UAE banks have added 1,116 workers year-to-date with local banks hiring 1,176 while foreign banks shedding 60 workers in the first 9 months of 2018. (Shutterstock)
November 6th, 2018 - 08:16 GMT

These Are the UAE Banks That Are Hiring and Firing

US Actions May Destabilize Oil Market. (Shutterstock)
November 6th, 2018 - 08:12 GMT

Russia Says US Actions Undermine Opec+ Efforts

The conference will address the continent’s social, economic and political challenges and the available incentives to promote business in Africa. (WAM)
November 6th, 2018 - 08:07 GMT

‘Africa Investment Conference’ Coming to Dubai

Hotels are increasingly looking out for local talent across operational and functional areas as part of their commitment to Emiratisation. (Shutterstock)
November 6th, 2018 - 08:00 GMT

UAE Hospitality Sector Pivotal in Emiratisation With Booming Hotel Industry

All products and services will remain the same under the FAB Islamic brand. (File/ photo)
November 6th, 2018 - 07:49 GMT

FAB Enters the Islamic Banking Arena

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