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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 number of medical visitors surpassed 433,000 in last year, up 62 percent from 267,000 in 2013, TurkStat data showed. (Shutterstock)
October 14th, 2018 - 02:56 GMT

Medical Tourism Could Provide Turkey With $1.5 Billion Lifeline

Speculation continues to grow that Khashoggi was killed by Saudi authorities after entering the consulate. (AFP)
October 14th, 2018 - 02:51 GMT

The World Is Boycotting Saudi’s Investment Conference In Protest to Khashoggi Disappearance

Global economist Nouriel Roubini, who predicted the financial crisis in 2008, warned that the hype of crypto-assets is dangerous. (Shutterstock)
October 14th, 2018 - 02:37 GMT

Why Did Cryptocurrencies Experience Massive Declines on Global Stock Markets?

The scheme, which is in line with a Cabinet decision that was issued in June, will cover up to Dh20,000 per worker. (Shutterstock)
October 14th, 2018 - 02:31 GMT

New Visa System in UAE Goes Live on Monday

The slump may have started in luxury properties, but it has filtered down as Lebanon’s stagnant economy and government vacuum weighs on confidence and spending power. (Shutterstock)
October 14th, 2018 - 02:25 GMT

Lebanon Fund Hopes Diaspora Could Revive Real Estate Market

An unprecedented diplomatic breakdown between the Nato allies over the case compounded an almost 40% depreciation in the currency this year. (AFP)
October 14th, 2018 - 02:19 GMT

Turkish Bonds and Stocks Gain as US Pastor Is Freed

Iran produces 6,000 types of drugs and 280,000 goods in the field of medical equipment, which are currently available in 255 international markets. (Shutterstock)
October 14th, 2018 - 02:08 GMT

Iran Looks at Health, Medical Exports to Counter US Sanctions

Citizens with regular passports of both countries will be allowed visa-free entry. (Shutterstock)
October 14th, 2018 - 02:01 GMT

AE, Mexico Citizens to Enjoy Visa-Free Travel Agreement

The inspections were carried out as part of the municipality's efforts to stamp out the violation of housing norms in the emirate. (Shutterstock)
October 14th, 2018 - 01:49 GMT

50 Bachelor Accommodations in UAE Left With No Power, Water

He said the sanctions were an opportunity for domestic manufacturers (Shutterstock)
October 11th, 2018 - 07:25 GMT

Iran Prepares for US Sanctions and Builds Its Own Oil Transfer Turbines

Under the traffic laws, driving in foggy conditions without using low or foggy lights are punishable by Dh500 fine and four black points. (Shutterstock)
October 11th, 2018 - 07:18 GMT

Break This Traffic Law in UAE and Get a DH1,000 Fine and 4 Black Points!

On Tuesday, the partially-convertible Indian currency hit a fresh low of 74.395 per dollar. (Shutterstock)
October 11th, 2018 - 07:11 GMT

India's Rupee Is Not Recovering Any Time Soon

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