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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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Lebanese protesters hold a Lebanese national flag on which is written in Arabic, "We are all refugees" on July 18, 2016 in the capital Beirut. (AFP/Joseph Eid)
April 14th, 2017 - 05:00 GMT

Lebanon needs $10B in infrastructure aid to cope with Syrian refugees: PM

The reduction is expected to happen by the end of April, and would bring Russia into compliance with an OPEC-brokered deal to reduce oil output. (Shutterstock)
April 13th, 2017 - 09:00 GMT

Russia slashes output by 300,000 barrels in compliance with OPEC oil cut deal

Tunisia's Prime Minister Youssef Chahed. (AFP/File)
April 13th, 2017 - 07:00 GMT

Tunisia announces new investment law aimed at boosting economy, fighting unemployment

Saudi Arabia is tapping international and domestic markets to help finance a budget deficit that may reach $53 billion this year. (Shutterstock)
April 13th, 2017 - 05:00 GMT

Saudi Arabia to raise over $8B in first Islamic bond sale

Prince Alwaleed Bin Talal once again topped the list with an estimated net worth of $18.7 billion, up by $1.4 billion from last year. (AFP/Christophe Ena)
April 13th, 2017 - 02:03 GMT

The world's richest Arabs according to Forbes: 2017 list

Regional economies, including Saudi Arabia, have been hit hard by the drop in oil prices, boosting the need for reforms such as subsidy cuts and the introduction of a value-added tax (VAT). (File photo)
April 13th, 2017 - 01:03 GMT

A tax on the rich will eliminate the need for VAT in GCC: Expert

After registering a healthy surplus for 16 consecutive years, Kuwait posted its first budget shortfall of $15 billion in the 2015-2016 fiscal year, following a slump in oil prices. (AFP/File)
April 13th, 2017 - 12:04 GMT

Kuwait turns to reserves, international borrowing to reduce budget deficit

The new deal stipulates that Paris puts at the disposal of Jordan its expertise in protecting nuclear and radiant materials, as well as preventing and detecting smuggling of nuclear materials. (AFP/File)
April 13th, 2017 - 11:31 GMT

Jordan accelerates nuclear plan by signing safety deal with France

Egyptian protester holds bread along with a flyer in Arabic that reads 'Danger, no to loans that lead to poverty' during a rally in downtown Cairo on April 3, 2013. (AFP/Khaled Desouki)
April 13th, 2017 - 10:45 GMT

34 percent of Egyptians live in severe housing deprivation: Survey

With over 80 million visitors to the mall every year, Apple Dubai Mall will have a front row view of key landmarks, Burj Khalifa and the world's largest fountain show. (Twitter)
April 13th, 2017 - 09:52 GMT

The wait is over: Apple Dubai Mall is finally opening!

Emirates has been recognized as world's best airline using an algorithm that took into account the quantity and quality of airline reviews and ratings submitted by travelers worldwide. (Shutterstock)
April 13th, 2017 - 08:08 GMT

Emirates world's best airline according to TripAdvisor travelers

An employee of the French car maker Renault group during the inauguration of a new production plant in Algeria on November 10, 2014. (AFP/File)
April 12th, 2017 - 02:46 GMT

Algeria signs energy, vocational training deals with France

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