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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 UAE has the youngest population in the GCC with 50 per cent under 20 years old. (Shutterstock)
October 16th, 2018 - 06:26 GMT

Jobs for Locals Top Priority on GCC Strategy

On Thursday, the port had decided to "suspend all operations" due to the development of the tropical storm. (AFP)
October 15th, 2018 - 08:54 GMT

Salalah Port Resumes Operations as Storm Luban Weakens

The Tadawul All-Shares Index (TASI) quickly lost more than 500 points on the first trading day of the week. (AFP)
October 15th, 2018 - 08:47 GMT

Saudi Stocks in the Red After Trump Warnings Over Khashoggi Case

Jordan’s efforts to enhance trade with Palestine faces obstacles by Israeli occupation authorities attempting to keep the Palestinian market under Israeli control. (Shutterstock)
October 15th, 2018 - 08:43 GMT

Israel Obstructs Efforts of Jordan, Palestine Trade

Egypt raised 2 billion euro in bonds in April. (Shutterstock)
October 15th, 2018 - 08:33 GMT

Egypt Looks to Asia as It Undergoes Debt Restructuring

UAE business tycoon Khalaf Ahmad Al-Habtoor has called for an Arab boycott of US companies. (File/photo)
October 15th, 2018 - 08:21 GMT

UAE Tycoon Khalaf Al-Habtoor Urges Boycott of US Firms Which Opted out of Saudi Investment Summit

Vision 2030 aims to reduce the country’s dependency on oil and focus on untapped renewable energy resources. (Shutterstock)
October 15th, 2018 - 08:15 GMT

Opinion: What Exactly Is Vision 2030 and What Does It Mean to Saudis?

Qatar to build global multilateral trade system. (Shutterstock)
October 15th, 2018 - 08:07 GMT

Qatar Sees the Future in Multilateral Trade System

India requires huge investment in creating infrastructure for receiving liquefied natural gas to the country. (Shutterstock)
October 15th, 2018 - 07:27 GMT

Gujarat Eyes Qatari Investments

Europe is establishing a banking system to overcome problems regarding banking relations with Tehran, the path will be soon even clearer for Tehran-London economic ties. (Shutterstock)
October 15th, 2018 - 07:12 GMT

UK Unwavering Towards Iran Under JCPOA Framework

Many rumours sought to tarnish the UAE's reputation globally. (Shutterstock)
October 15th, 2018 - 06:23 GMT

Fake News Will Cost You Dh1 Million in UAE

The Chinese envoy underscored Beijing’s strong belief in the compliance of all JCPOA-parties to their commitments, stressing the need for Iran’s economic and trade profits under the deal. (Shutterstock)
October 14th, 2018 - 03:02 GMT

Iran, China Strengthen Economic Ties to Counter US Tactics

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