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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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French opinion polls show centrist candidate Emmanuel Macro has a commanding lead over the far right’s Marine Le Pen. (AFP/ Eric Feferberg)
May 7th, 2017 - 11:02 GMT

Oil Stabilizes, Stocks Soar as Macron Leads French Election Polls

Sheikh Zayed Mosque in Abu Dhabi welcomed more than 2.56 million tourists in 2012. (Pixabay)
May 7th, 2017 - 10:32 GMT

Abu Dhabi Leads Gulf Region in Traveler Satisfaction: Report

The US is trying to push through a multi-billion dollar arms deal with Saudi Arabia. (Pixabay)
May 7th, 2017 - 10:10 GMT

US Pushes for Multibillion-Dollar Arms Deal With Saudi Arabia Ahead of Trump's Visit

Follow Al Bawaba Business on Twitter and Facebook for breaking business news, photos and reports on topics that move the Middle East. (Al Bawaba)
May 4th, 2017 - 06:03 GMT

What You Missed: Bloody Labor Day Protests + 9 Biggest Stories of the Week

Turkey predicts a drop in the country's inflation rate and unemployment by end-2017. (File photo)
May 4th, 2017 - 05:00 GMT

Post-Referendum Turkey Sees Sharp Drop in Inflation, Unemployment By Year-End

An Iranian man flashes the victory sign as another man behind him holds the Iranian flag during celebrations in northern Tehran on July 14, 2015, after Iran's nuclear negotiating team struck a deal with world powers in Vienna. (AFP/ Atta Kenare)
May 4th, 2017 - 04:00 GMT

A New Era for Iran: Trade With EU Grows 79 Percent on Nuclear Deal Implementation

Tunisia took the leading position in the competition which evaluated 910 extra virgin olive oils from 27 countries. (File photo)
May 4th, 2017 - 02:47 GMT

Tunisia Bags Award for Best Olive Oil in the World. Mabrouk!

Displaced Iraqis reunite with relatives on October 26, 2016 as battle for Mosul forces thousands to flee their homes. (AFP/ Bulent Kilic)
May 4th, 2017 - 01:16 GMT

Can Money Mend Their Hearts? Arab States Draft Law to Compensate Victims of Terrorism

King Abdullah chaired a meeting to launch an economic stimulation plan on Wednesday May 3, 2017. (AFP/ Brendan Smialowski)
May 4th, 2017 - 12:13 GMT

Jordan: New Economic Plan to Create 150,000 Digital Jobs By 2025

In 2016, Israel's military detained 113 fishermen and the navy routinely opens fire at fishermen to enforce the limited fishing zone. (AFP/ Mahmud Hams)
May 4th, 2017 - 11:25 GMT

Israel Relaxes Restrictions on Gaza Fishermen, But Is It Enough?

The results mark the first quarter of profitability for the Dubai-based construction company after nine quarters of loss-making as it attempts to restructure and turn around performance. (AFP/ Karim Jaafar)
May 4th, 2017 - 11:03 GMT

Dubai's Arabtec Finally Returns to Profitability With $4.8 Million Net Profits

Business conditions in the non-oil private sectors of the UAE and Saudi Arabia continued to improve at the start of the second quarter, with rates of expansion in new work and business activity gathering pace, a report said.
 (AFP/ File)
May 4th, 2017 - 10:17 GMT

UAE, Saudi Arabia's Growth of Non-Oil Private Sector Rebounds from Q1 Low: Report

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