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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 pace of non-oil private sector growth in the Kingdom has accelerated in the last three months. (Shutterstock)
September 6th, 2018 - 09:18 GMT

Non-Oil Sector Growth Remains Below the Pre-VAT Average in Saudi Arabia

The Jordanian private sector’s eagerness to cooperate with their Syrian counterpart to capitalise on the opportunities opened for the two sides. (File / Photo)
September 6th, 2018 - 09:10 GMT

New Economic, Trade Relations Between Jordan and Syria

The online travel sector in Saudi Arabia witnessed a massive 536% increase in debit card transactions. (Pexels)
September 6th, 2018 - 08:49 GMT

Report: Saudi Arabia Witnesses 218 Percent Growth in Mobile Travel Bookings

More than a million Prius and C-HR compact crossover vehicles were recalled globally due to the risk of fire. (Shutterstock)
September 6th, 2018 - 08:42 GMT

Over 1,000 Toyota Cars Recalled in UAE

The Iranian rial has fallen to its lowest rate on record. (Shutterstock)
September 6th, 2018 - 08:36 GMT

Iran Rial Hits Lowest Record, Over 150,000 Against US Dollar


From the first day it was launched on September 9, 2009, until the end of August 2017 - nearly eight years - the driverless carriage had carried 1.03 billion passengers. (Khaleej Times)
September 6th, 2018 - 08:31 GMT

The History of The Dubai Metro

The US was the most popular cross-border online shopping destination, with 22 per cent of UAE online shoppers making purchases from a US website. (Shutterstock)
September 6th, 2018 - 08:01 GMT

UAE Residents Splurge Dh36 Billion on Online Shopping in 2018

UAE Visas
September 6th, 2018 - 07:50 GMT

All You Need to Know About the 9 Types of Visa in UAE

The total EU aid commitments to Egypt amount to over €1. 3bn in grants. (Shutterstock)
September 5th, 2018 - 11:04 GMT

EU Commits Over €113 Million to Egypt in 2018

People in Iran spent 1,110 trillion rials (about $26.5 billion) on online shopping during the previous Iranian calendar year. (Shutterstock)
September 5th, 2018 - 10:51 GMT

Report: Over $26 Billion Dollar Spent in E-Commerce in Iran

Trade volume at Amman offices and the DLS headquarters amounted to 69 per cent of the Kingdom's trade, totalling JD2.4 billion. (Shutterstock)
September 5th, 2018 - 10:38 GMT

Jordan Real Estate Market Drops by 13 Percent

The global Muslim travel segment is currently valued at an estimated Dh660.6 billion. (Shutterstock)
September 5th, 2018 - 10:34 GMT

UAE Residents World's Highest Spenders of Halal Tourism

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