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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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Every child has a right to a quality education in a safe and inclusive environment. (Shutterstock)
August 27th, 2018 - 10:44 GMT

Australia Pledges JD5.2 Million to Jordan to Improve Access to Education

The exchange will support the cryptocurrency trading pairs of Bitcoin and Ethereum Classic. (Shutterstock)
August 27th, 2018 - 10:40 GMT

World’s First Shariah-Compliant Crypto Exchange to Be Launched in UAE

Kuwait is working to complete the project on the specified date under the GCC's general secretariat plan, said the report. (Shutterstock)
August 27th, 2018 - 10:31 GMT

Kuwait Commences Work on Gulf States Railway

Egypt maintained its position as the most popular destination of Q2, "thanks to the continued patronage of both leisure and business travellers from the region." (Shutterstock)
August 27th, 2018 - 10:24 GMT

Egypt Ranks as Most Popular Holiday Destination for MENA Travelers

The loan which was increased from an initial guide size of $6 billion to $8 billion, comes after the Kingdom postponed Aramco’s initial public offering. (Shutterstock)
August 27th, 2018 - 10:13 GMT

Saudi Arabia Public Investment Fund Raises $11 Billion Loan

Arif Naqvi, the founder of Abraaj Group. (AFP)
August 27th, 2018 - 09:58 GMT

Abraaj Group Founder to Face Court on August 28

95% believe that AI will have a positive impact on their firm, with 70% already earmarking a budget for its implementation. (Shutterstock)
August 27th, 2018 - 09:49 GMT

Survey: 95 Percent of Middle East Firms Believe AI Have Positive Impact

Workers who make up this percentage do not have intermediate or university degrees, the minister explained, adding that they need to be “filtered” through a mechanism that assesses the actual need for their services. (Shutterstock)
August 27th, 2018 - 09:36 GMT

70 Percent of Expats in Kuwait's Private Sector Are Unqualified

Foreigners bought 5,367 properties in Turkey during the first quarter of 2018, compared to 4,316 last year. (Shutterstock)
August 26th, 2018 - 12:00 GMT

Real Estate Sector Thrives in Turkey Due to Lira Plummet

Oil prices rose amid the fall in US crude inventories by 5.84 million barrels, the biggest drop in four weeks. (Shutterstock)
August 26th, 2018 - 11:53 GMT

Oil Prices Recover Due to Iranian Oil Supply Disruption

The cost of a child’s education from preschool to university in the UAE has been estimated at around $255,000. (Shutterstock)
August 26th, 2018 - 11:45 GMT

Education Sector in UAE Witnesses Intense Competition

The airlines were compared in the category of free checked luggage allowance, free seat reservation, pre-boarding for families, no 'lap fees', kids meals, free kids entertainment, onboard bassinet/carry cot and for taking pushchair for free. (File/Photo)
August 26th, 2018 - 10:46 GMT

Emirates, Etihad Among World's Top 20 Most Family-Friendly Airlines

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