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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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Jordanian investments in Saudi Arabia amount to $2 billion. (AFP/File)
March 27th, 2017 - 11:03 GMT

Jordan, Saudi Arabia launch fund to boost trade, investment

The Central Bank of UAE. (File photo)
March 27th, 2017 - 09:03 GMT

UAE federal budget surplus up 130 percent in 2016

You can't say that we haven't warned you. (Pixabay)
March 27th, 2017 - 08:00 GMT

Hefty fines await people who litter in Oman

A free trade agreement between the UK and the GCC states is on the agenda. (File photo)
March 27th, 2017 - 07:18 GMT

UK eyes $6.5B investments from Qatar, GCC as Brexit approaches

Port of Beirut. (File photo)
March 27th, 2017 - 07:02 GMT

Brazilian meat scandal: Lebanon says it is free of rotten meat

Only residents with alcohol licenses are allowed to make purchases at the shop, with each given a monthly allowance calculated based on their wages. (File photo)
March 27th, 2017 - 05:00 GMT

Qatar Distribution Company urges consumers to buy alcohol ahead of new tax

Major terror attacks have had variable degrees of impact on stock markets worldwide. (File photo)
March 26th, 2017 - 06:00 GMT

Stock markets suffer fluctuations after London terrorist attack: Analysts

Real estate remains a major pillar of Lebanon’s economy. (File photo)
March 26th, 2017 - 05:00 GMT

Real estate market in Lebanon growing slowly, but steadily: Report

The UAE has taken precautionary measures on imported food products from Brazil. (Shutterstock)
March 26th, 2017 - 04:00 GMT

Meat prices in UAE to go up after Brazilian meat ban

Quriyat, Oman. (Shutterstock)
March 26th, 2017 - 03:00 GMT

Oman plans multimillion-dollar tourism complex in coastal city

Al-Abdali area in Amman. (Shutterstock)
March 26th, 2017 - 01:59 GMT

Amman most expensive city in the Arab world: Report

Doha, Qatar. (File photo)
March 26th, 2017 - 01:08 GMT

New GCC VAT will have minimal effect on inflation: Report

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