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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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Exclusive offers await technology enthusiasts at GITEX Shopper 2017. (File photo)
March 28th, 2017 - 11:09 GMT

GITEX is back in Dubai with special deals for technology shoppers

Souq.com's CEO, Ronaldo Mouchawar.
March 28th, 2017 - 09:55 GMT

It’s official: Amazon buys Souq.com!

Saudi Arabia's Energy Minister Khalid Al-Falih during a meeting between members of the OPEC in 2016. (AFP)
March 28th, 2017 - 09:11 GMT

Saudi Aramco's tax cut is in the interest of the country, its citizens and future generations: Minister

Greek investments will help back Egypt's declining economy. (Wikimedia)
March 28th, 2017 - 08:40 GMT

Greece revives Egypt’s sluggish economy with $1B investment

IDB will spend $86 million for the expansion of the Tripoli port in Lebanon. (File photo)
March 28th, 2017 - 06:00 GMT

Saudi Arabia's IDB to donate $715M for development projects in three countries

Indian tourists to the UAE reign supreme. (Pexels)
March 28th, 2017 - 05:00 GMT

Indian visitors reign over Dubai, Abu Dhabi tourism sector

There are potentially 1,000 cars that might be included in the Nissan recall in the UAE. (File photo)
March 27th, 2017 - 04:00 GMT

Nissan recalls hundreds of cars in the UAE due to a power failure

BP will own 100% of the new gas field. (File photo)
March 27th, 2017 - 02:00 GMT

BP discovers not first or second.. But THIRD gas field in Egypt

The US dollar index slipped to 99.05 points on Monday, its lowest reading since last November’s American presidential election. (File photo)
March 27th, 2017 - 01:32 GMT

Turkish lira advances on US dollar after Trump's healthcare defeat

The US bird flu outbreak is believed to have begun on March 1. (Pixabay)
March 27th, 2017 - 01:00 GMT

Bird flu outbreak: Saudi Arabia bans birds from US, Malaysia

Muscat, the capital of Oman. (Shutterstock)
March 27th, 2017 - 12:30 GMT

Oman, Iran ink agreement to boost trade, financial cooperation

A drone. (File photo)
March 27th, 2017 - 11:57 GMT

Middle East’s first drone factory to open in.. Saudi Arabia

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