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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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UAE recorded 13.6 per cent growth in corporate earnings compared to 9.8 per cent in 2017. (Shutterstock)
September 18th, 2018 - 06:59 GMT

Dubai's Corporates Record Highest Rate of Growth in the GCC

The fund will be distributed in a span of three years to support the education of children. (Shutterstock)
September 18th, 2018 - 06:52 GMT

Abdul Aziz Al Ghurair Launches Dh100 Million Refugee Education Fund

The President's decision threatens to upend the possibility of a diplomatic breakthrough with Chinese negotiators. (Shutterstock)
September 18th, 2018 - 06:49 GMT

US Levies New Tariffs on $200 Billion in Chinese Goods

More than 2,000 people were caught transporting passengers illegally this year. (Shutterstock)
September 18th, 2018 - 06:44 GMT

Illegal Taxi Drivers in Abu Dhabi to Face Dh3,000 Fine, 24 Black Points

The visa will be provided to expat retirees over the age of 55 years for a period of five years under specific conditions. (Shutterstock)
September 17th, 2018 - 10:43 GMT

All What You Need to Know About the 5-Year Residence Visa in UAE

Predictions of Lebanon’s economic demise are not new. (AFP)
September 17th, 2018 - 08:20 GMT

Lebanon Desperate to Rationalize the Dire Economic Reality

Jordan is currently going through difficult conditions, and internal and external challenges, including an increase in unemployment rates. (AFP)
September 17th, 2018 - 07:56 GMT

Jordanian Engineers Association Rejects New Income Tax Law

Turkey is keen on buying natural gas from Iran with “reasonable price” in contrast to the price it pays for the gas imported from Russia and Azerbaijan. (Shutterstock)
September 17th, 2018 - 07:51 GMT

Turkey to Keep Iran Gas Exports Flowing Despite US Sanctions

The General Council for Islamic Banks and Financial Institutions (CIBAFI) said treatment of real estate across Islamic finance jurisdictions still reflected Basel II or pre-reform Basel III rules. (Shutterstock)
September 17th, 2018 - 07:46 GMT

Islamic Banks Urged to Update Property Rules to Protect $1.3 Trillion Global Assets

The All Shares Index, after a firm start, fell 4.68 points to 5,134.88 points. (Shutterstock)
September 17th, 2018 - 07:41 GMT

Kuwait Stocks Sag, Amidst Unstable Market

The ministry will open a number of representation offices in a number of countries like Iran, China and Russia, and redirect tourism towards the Sultanate.(Shutterstock)
September 17th, 2018 - 07:29 GMT

Iran, China and Russia to Host Oman's Ministry of Tourism Offices

In the report issued by the United Nations Development Program (UNDP), Oman has progressed four places, to be ranked 48th worldwide from its last year’s position of 52.
September 17th, 2018 - 06:18 GMT

Human Development Index 2018 Ranks Oman 5th in Arab World

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