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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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Speaking to German business representatives and ambassadors at the Foreign Ministry, Heiko Maas criticized U.S. President Donald Trump’s sanctions and his economic pressure policy towards Turkey. (Shutterstock)
August 29th, 2018 - 09:53 GMT

Unlike US, EU Wants a Stable Economic Development in Turkey

The UAE team includes Ahmed Habib Al Gharib, general manager of Humaid Bin Rashid Al Nuaimi Foundation for Human Development- Ajman and the full team of the Locus Chain Mena Office in Dubai. (Shutterstock)
August 29th, 2018 - 09:45 GMT

UAE Participates in Global Blockchain Summit

According to an economic expert, the inclination to suspend the issuance and renewal of work permits for expatriates above the age of 60 who work in the private sector is not suitable. (Shutterstock)
August 29th, 2018 - 09:37 GMT

Experts Raise Concerns Over New Visa Rules in Kuwait

Should your face be your passport? Or is face recognition a scourge on those who want to remain anonymous? You decide, but it might get you through the airport quicker next time without you even realizing it – and that’s always going to put a smile on your face. (Shutterstock)
August 29th, 2018 - 09:29 GMT

Your Face Might Become Your Passport Soon

The guidelines for the Saudization mechanism on the ministry’s website says that the targeted Saudization in these activities has been scaled down from 100% to 70%. (Shutterstock)
August 29th, 2018 - 08:59 GMT

70 Percent Saudization in These 12 Sectors

The plane scheduled to fly from Kathmandu to Dubai when one of the crew members suspected that the pilot was drunk. (File/Photo)
August 29th, 2018 - 08:40 GMT

Drunk Pilot Fired in Dubai

The tougher regulations will help the UAE authorities reduce the number of visit visa violators. (Shutterstock)
August 29th, 2018 - 08:32 GMT

Jobseekers to Pay Security Deposit for UAE Visa

Abraaj chief had issued the cheque to Jafar which was bounced due to lack of funds in the account. (AFP)
August 28th, 2018 - 12:34 GMT

Abraaj Group Founder Reaches Settlement, Criminal Case Withdrawn

Connected and autonomous vehicles are the prominent examples of this pioneering technology. (Shutterstock)
August 28th, 2018 - 11:05 GMT

Automotive Cybersecurity Market to Grow at 23.5 Percent CAGR From 2018 to 2024

Construction permits covered an area of 5,693,998 square meters in the first seven months of 2018. (Shutterstock)
August 28th, 2018 - 10:23 GMT

Construction Permits in Lebanon Plummet by 20 Percent Due to Property Sales Plunge

Foreign Affairs Minister Chrystia Freeland, speaking in Berlin to the annual meeting of German ambassadors, set off a firestorm when she tweeted earlier this month for Saudi Arabia to “immediately release” jailed human rights activists. (Shutterstock)
August 28th, 2018 - 10:15 GMT

Canada Seeks Germany's Support to Resolve Saudi Dispute

Lebanon’s GDP growth to slow to 1.7 percent in 2018 due to political instability. (Shutterstock)
August 28th, 2018 - 10:14 GMT

GDP Growth to Drop in 2018 Due to Political Instability in Lebanon

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