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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 proposed merger, pending approvals by the banks' boards of directors, shareholders and regulators, would be credit positive for UAE banks. (Shutterstock)
September 11th, 2018 - 07:32 GMT

UAE Banks' Three-Way Merger a Boon for Banking System

Indian economy is expected to attract large-scale investment from the GCC to India. (Shutterstock)
September 11th, 2018 - 07:21 GMT

India’s Booming Economy Fuels GCC Investment Appetite

The Omanization drive is part of a government’s push to recruit more of its citizens. (Shutterstock)
September 11th, 2018 - 06:50 GMT

More Than 27,000 Illegal Expats Detained in Oman in 2017

The UAE maritime industry has been seeking exemption from VAT in line with the global practice as many countries relieved the industry from the taxation. (Shutterstock)
September 11th, 2018 - 06:46 GMT

After Gold, UAE Mulls This Sector for VAT Exemption

The scheme has been launched in one emirate, and will be rolled out across the country soon. (Shutterstock)
September 11th, 2018 - 06:36 GMT

UAE Rolls out New Private Sector Jobs System

Gold will remain a safe haven in the light of the rise of the US dollar’s rate and the recovery of stock and assets markets. (Shutterstock)
September 10th, 2018 - 09:18 GMT

Gold Prices Drop Below $1,200 per Ounce

The rise of mobile usage is driving video consumption (particularly on mobile-optimised social platforms), which in turn is driving up advertiser investment in video. (Shutterstock)
September 10th, 2018 - 08:33 GMT

Report: Advertisers to Invest $30 Billion in Online Video

Bitcoin, the first and most popular cryptocurrency, lost about 15% of its value last week. (Shutterstock)
September 10th, 2018 - 08:27 GMT

Despite Losses, Cryptocurrencies Gain Ground in Asia

The country might be releasing some rules for the tourists heading to the country. (Shutterstock)
September 10th, 2018 - 08:23 GMT

Travel Insurance for Tourists Visiting Egypt to Become Compulsory

Iran’s imports of the U.S. in July reached $35.7 million. (Shutterstock)
September 10th, 2018 - 08:14 GMT

US - Iran Trade Reaches $60.7 Million in July Despite Sanctions

Consumers usually do not have any kind of protection on their devices. (Shutterstock)
September 10th, 2018 - 08:08 GMT

Turkey Cyberattacks Rises to 24.9 Percent in First Half of 2018

Business activity increased once again in Dubai’s non-oil private sector. (Shutterstock)
September 10th, 2018 - 07:36 GMT

Dubai Non-Oil Private Sector Economy Sees Slow Improvement Over Four Months

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