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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 ministry said in a statement that Socar Turkey's investment, which is expected to reach $2 billion, will be realized without any bureaucratic hurdles. (Shutterstock)
October 21st, 2018 - 05:54 GMT

Turkey's New Oil Refinery to Reduce Its Trade Deficit by $1.5 Billion

This June Turkey took delivery of its first two F-35 fighter jets at a ceremony in Fort Worth, Texas. (Shutterstock)
October 21st, 2018 - 05:50 GMT

Turkey's Defense, Aerospace Industry Exports to Reach $2 Billion

Tunisia is engaging in this process at a time in which Moody's has just changed its outlook from "stable" to "negative." (Shutterstock)
October 21st, 2018 - 05:44 GMT

Tunisia to Issue First Eurobond in 2018 on International Financial Market at €867.7 Million

Several robots were on display at the Gitex Technology Week and their companies were actively trying to place them in working positions across different industries. (Shutterstock)
October 18th, 2018 - 09:19 GMT

UAE Is Hiring, but Only If You're a Robot!

Jordan Arrests 33 on Financial and Criminal Charges. (Shutterstock)
October 18th, 2018 - 09:14 GMT

Jordan Arrests 33 on Financial and Criminal Charges

Iranian officials have downplayed the impacts of the US sanctions against the country. (Shutterstock)
October 18th, 2018 - 09:05 GMT

Iran Furious Over New US Sanctions

The Italian official made the remarks in a visit to Iranian Northern Province of Mazandaran, calling for provision of necessary grounds to expand mutual cooperation. (Shutterstock)
October 18th, 2018 - 09:00 GMT

Iran, Italy to Find Common Economic Grounds

Many prominent company leaders have said they will not attend the FII, which is scheduled to start in Riyadh next week. (Shutterstock)
October 18th, 2018 - 08:42 GMT

BlackRock Not Parting Ways With Saudi Despite FII Absence

The Middle East cinema market is doing very well. (Shutterstock)
October 18th, 2018 - 08:31 GMT

First MENA Cinema Forum to Highlight Investment Opportunities in Region

The ministry has been keen on following up the case in the context of not allowing irregularities that contradict its laws. (Shutterstock)
October 18th, 2018 - 08:24 GMT

Kuwait Bans Gender Mixing in Sports Clubs and Health Institutes

The campaign resulted in the arrest of a Kuwaiti and 14 transvestites – 11 Filipinos, 2 Thais and an Egyptian. (Shutterstock)
October 18th, 2018 - 06:13 GMT

Kuwait Shuts Down Massage Parlors, Deports 14 Transvestites, Citing "Immoral Acts"

Constant talks are underway between the Islamic Republic and the Russian Federation to find the best approaches to reach common standards. (Shutterstock)
October 18th, 2018 - 05:56 GMT

Iran, Russia Build on Common Economic Interests to Counter US Sanctions

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