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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 high ranking reflects a string of visa facilitation measures introduced by Qatar. (Shutterstock)
September 5th, 2018 - 10:24 GMT

Qatar 'Most Open Country' for Visas in the Region

The Turkish bank loans will provide a key test of the nation’s ability to tap overseas debt markets amid US sanctions that have cooled the economy. (Shutterstock)
September 5th, 2018 - 10:17 GMT

Turkish Banks to Meet $6 Billion of Financing Deadlines

A non-profit organisation founded in Doha with teams in other neighbouring Gulf countries is raising awareness on the benefits of blockchain. (shutterstock)
September 5th, 2018 - 09:46 GMT

Gulf Blockchain Foundation to Increase Traction in the GCC by 2019

The agreement aims to enhance economic relations and reduce costs, especially of petroleum products and natural gas. (Shutterstock)
September 5th, 2018 - 08:53 GMT

Qatar, Turkey Sign Economic Partnership Agreement

Egyptian economy is safe from any economic fluctuations at the international level. (Shutterstock)
September 5th, 2018 - 08:35 GMT

Egypt Economic Reforms Spare it from Emerging Markets' Crises

Early gains lifted Amazon's value to $1 trillion only briefly, with the final close at $2,039.51 giving it a value of $995 billion. (Shutterstock)
September 5th, 2018 - 08:07 GMT

Amazon Long Game Pays off With Trillion-Dollar Market Value Milestone

Female trainees are acquainted with work procedures in the sector, methods of checking documents, work ethics and getting training on security skills in dealing with the public. (Shutterstock)
September 5th, 2018 - 07:59 GMT

290 Saudi Females Enroll for Passport Security Staff Training

The rising oil price has reduced the need for Gulf governments to sell bonds. (Shutterstock)
September 5th, 2018 - 07:51 GMT

Islamic GCC Bond Sales Fall by 32 Percent Due to Oil Price Hike

Local banks increased their hiring while foreign banks reduced the number of employees. (Shutterstock)
September 5th, 2018 - 06:45 GMT

More Than 750 Employees Hired in UAE Banks

The FTA had earlier announced that the VAT refund scheme will be implemented from the fourth quarter of 2018. (Shutterstock)
September 5th, 2018 - 06:17 GMT

VAT Refund for UAE Tourists to Roll out in November

Dubai is already well on its way to achieving most of its smart city transportation goals. (Shutterstock)
September 4th, 2018 - 09:32 GMT

Dubai Embraces Smart Modes of Transport

"Motorists have to start paying for the parking spaces after the expiration of the grace period to avoid being fined." (Shutterstock)
September 4th, 2018 - 09:21 GMT

No More Free Parking in Abu Dhabi Starting Saturday

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