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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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Forty-seven realty projects were introduced into the Dubai market and were completed on their set timelines. (Shutterstock)
September 9th, 2018 - 07:47 GMT

Dubai Reality Projects Delivered in First 8 Months Worth Dh12 Billion

Emirates airline was the world's fourth-busiest carrier in the world in terms of total scheduled passenger kilometres flown carrying 289 million travellers last year. (Shutterstock)
September 9th, 2018 - 07:41 GMT

289 Million Travellers Make Emirates Fourth-Busiest Airline Globally

Energy, utilities and transportation take lion's share of infrastructure investment. (Shutterstock)
September 9th, 2018 - 07:34 GMT

UAE to Pump Dh1.3 Trillion in These 3 Sectors

How do you measure the success of your content marketing program? (Shutterstock)
September 9th, 2018 - 04:00 GMT

Benchmark Measurement for Your Content Marketing Program

The six-month challenge starts from October 1 until the end of March 2019. (KhT)
September 8th, 2018 - 04:00 GMT

Dubai Launches Zero Accident Challenge

Across all lines combined, the Metro accommodates more than four million passengers per day. (AFP)
September 7th, 2018 - 03:40 GMT

Egypt Signs Agreement With European Bank to Upgrade Cairo Metro

Abraaj's liquidators are also getting offers for regional operations within the unit. (File / Photo)
September 6th, 2018 - 10:42 GMT

Abraaj Fund Unit Managed $14 Billion, Receives $1 Bid

New system to avoid possible mistake, provide healthy information flow among financial institutions, Borsa Istanbul says. (Shutterstock)
September 6th, 2018 - 09:50 GMT

Turkey Builds Blockchain-Based System for Financial Institutions

Turkey exported chemicals mostly to Germany, the U.S., Egypt, Iraq, Spain, the U.K., the Netherlands, Greece, and China. (Shutterstock)
September 6th, 2018 - 09:38 GMT

Over $11 Billion Worth of Chemical Exports From Turkey

South Sudan seceded from Sudan in 2011 when output peaked at 350,000 bpd. (Shutterstock)
September 6th, 2018 - 09:34 GMT

South Sudan Oil Output to Reach 350,000 Bpd by Mid-2019

The net public debt at the end of July showed a rise of JD1.18. (Shutterstock)
September 6th, 2018 - 09:29 GMT

Jordan Public Debt Constitutes More Than 96 Percent of the GDP

Qatar on Wednesday became the first country in the Gulf Cooperation Council to grant expats permanent visas to non GCC member states. (Shutterstock)
September 6th, 2018 - 09:22 GMT

Qatar Becomes First GCC Country to Offer Expats Permanent Visas

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