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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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The recent economic data and key business surveys suggest that the global economy has already begun to lose momentum. (Shutterstock)
November 5th, 2018 - 07:47 GMT

IMF Holds a Grim Outlook on Global Economic Growth

India’s oil imports will be reduced, but will still rank up more than a million barrels per month. (Shutterstock)
November 5th, 2018 - 07:40 GMT

Asia, Not the EU, Might Be Iran's Hope to Whither the US Sanctions Storm

Hezbollah’s deputy head Sheikh Naim Qassem. (TDS)
November 5th, 2018 - 07:26 GMT

How the Iran Sanctions Are Threatening the Lebanese Government Formation

Global demand for gold rose slightly in the third quarter compared to the same period a year ago as resurgent buying from central banks and retail consumers balanced huge outflows from exchange traded funds, the WGC report said. (Shutterstock)
November 4th, 2018 - 03:43 GMT

Will VAT Refund Increase Gold Demand in UAE?

The rankings are determined by sorting the aggregate scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. (Shutterstock)
November 4th, 2018 - 03:29 GMT

UAE Secures 11th Spot on World Bank’s Doing Business Rankings

In a tit-for-tat move, Turkey also removed sanctions on U.S. Attorney General Jeff Sessions and Homeland Security Secretary Kirstjen Nielsen, the Foreign Ministry said. (Shutterstock)
November 4th, 2018 - 03:23 GMT

US Lifts Sanctions on Two Turkish Ministers

The first overseas Qatar Visa Centre (QVC) was opened in Colombo, Sri Lanka, on October 11 as part of Qatar’s efforts to facilitate and streamline procedures for bringing expatriates to work. (Shutterstock)
November 4th, 2018 - 03:19 GMT

Qatar Negates The Guardian Report on Lack of Labour Reforms

"The imposition of such measures is contrary to international obligations to respect and promote human rights. Such measures should be condemned and rejected by the international community." (Shutterstock)
November 4th, 2018 - 03:10 GMT

Qatar Sheds Light on Human Rights Violations by Siege Countries

The tint of the company’s “dynamic glass” product can be automatically altered — helping minimize glare and reduce energy consumption by up to 20 percent, it says (Courtesy View)
November 4th, 2018 - 03:01 GMT

Saudi-Backed Softbank Fund Pours $1.1 Billion in Smart Glass Firm View

Egypt has imposed harsh austerity measures to try to right the economy and reduce the budget deficit. (Shutterstock)
November 4th, 2018 - 02:55 GMT

Egypt Strikes Right Chord With IMF on Next $2 Billion Loan Payment

Bloomberg reported on Friday that South Korea and Japan had received waivers along with India, which relies heavily on Iranian supplies. (Shutterstock)
November 4th, 2018 - 02:49 GMT

South Korea, Japan, Amongst 8 Countries That US Granted Iran Sanctions Waivers

The recent decision of the International Court of Justice and its provisional measure against U.S. unilateral sanctions reaffirms the legitimacy of Iran’s position, and the illegality of these oppressive sanctions. (AFP)
November 4th, 2018 - 02:43 GMT

Rouhani Urges Europe to Collaborate With Iran to Counter U.S. One-Sided Actions

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