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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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Saudi Crown Prince, Mohammad bin Salman. (AFP)
August 30th, 2018 - 09:24 GMT

Video: Are We Witnessing the Crash and Burn of Saudi Economy?


The reform group also vowed to improve basic freedoms and the judiciary as it convened for the first time since Turkey switched to an executive presidential system after June 24 elections. (Shutterstock)
August 30th, 2018 - 09:16 GMT

Turkey Pledges to Speed up EU Reforms

Banks are trimming branch numbers as consumers tilt towards online banking. (Shutterstock)
August 30th, 2018 - 08:55 GMT

Report: UAE Banks Laid off Over 600 Employees in 2017

Wi-Fi is a common location solutions tool, and can be an inexpensive and easy option. (Shutterstock)
August 30th, 2018 - 08:48 GMT

How to Choose the Right Location Technology Solution

Avoid these common mistakes to get rejected. (Shutterstock)
August 30th, 2018 - 08:28 GMT

7 Mistakes to Avoid When Applying for a UAE Visa

Some pharmacists complained of the "unattractive offers" in addition to the lack of opportunities. (Shutterstock)
August 30th, 2018 - 05:00 GMT

Unemployment Rate Among Jordanian Pharmacists Reaches 20 Percent

Twitter suspended more than 70 million fake accounts in May and June. (Shutterstock)
August 30th, 2018 - 04:00 GMT

Twitter Suspends More Than 700 Accounts Linked to Iran, Russia

The currency has lost about 40 per cent of its value against the dollar this year. (Shutterstock)
August 29th, 2018 - 11:49 GMT

Borrowing Limits Doubled for Banks in Turkey

The ratings agency said that the downgrades reflect a substantial increase in the risk of a downside scenario, where a further negative shift in investor sentiment could lead to a curtailing of wholesale funding. (Shutterstock)
August 29th, 2018 - 11:42 GMT

Moody's Downgrades 20 Financial Institutions in Turkey

Consumer prices rose by 2.2 percent year-on-year in July compared to 2.1 percent in June, an increase driven by increasing food prices, particularly vegetables. (Shutterstock)
August 29th, 2018 - 11:36 GMT

Rising Food Costs Push up Inflation Rate in Saudi Arabia

The King was advised that the IPO would undermine the Kingdom’s economy instead of helping it and their main concern was that it would bring full public disclosure of Aramco’s financial details. (AFP)
August 29th, 2018 - 10:37 GMT

Saudi Arabia Calls off Aramco IPO Plans

Prices had gone up in the month of August as well, compared to the previous month. (Shutterstock)
August 29th, 2018 - 10:27 GMT

Petrol Prices to Rise in UAE Starting September

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