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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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High net-worth individuals (HNWIs) are defined as individuals with $2 million (Dh7.34 million) or more in investment assets. (File photo)
March 21st, 2017 - 08:00 GMT

Wealth Insight Report 2017: GCC's ultra-wealthy concerned by oil prices, instability

The resumption of Saudi oil deliveries to Egypt signal a potential thaw in relations after months of tension.  (AFP/Hassan Anmar)
March 21st, 2017 - 07:00 GMT

Saudi Aramco to resume oil shipments to Egypt after six month suspension

According to Royal Jordanian, the new rule applies to flights both to and from the US.  (AFP/File)
March 21st, 2017 - 06:00 GMT

Royal Jordanian, Saudia leak plans to ban large devices onboard US flights from 13 countries


The current portfolio of the World Bank in Egypt includes 22 projects for a total commitment of about $8.1 billion. (File photo)
March 21st, 2017 - 05:17 GMT

Egypt receives second billion-dollar tranche of World Bank loan

The real estate sector in Egypt is driven by strong demand from a young population looking to purchase their own home. (File photo)
March 20th, 2017 - 03:56 GMT

Egypt named fastest-growing mortgage market in the world

Lebanon will not be affected by hikes in US interest rates. (Shutterstock)
March 20th, 2017 - 12:51 GMT

Interest rates in Lebanon not affected by US Fed’s rate hike

Kuwait is expected to be the only Gulf state with a budget surplus this year. (File photo)
March 20th, 2017 - 11:35 GMT

Is Kuwait’s foreign bond sale enough to balance its budget?

Qatar's Hamad International Airport. (Shutterstock/ Elena Mirage)
March 20th, 2017 - 10:15 GMT

Hamad International Airport among world's top 10 airports in 2017: Skytrax

Women face a number of social obstacles in obtaining suitable jobs and they often cannot find reliable transportation. (Shutterstock)
March 20th, 2017 - 09:00 GMT

Saudi remote working program targets 141,000 jobs for women

Main Hot Springs, Jordan. (Flickr)
March 20th, 2017 - 08:00 GMT

Arab Water Week: Regional water availability problem is financial

Bank Audi entered the Egyptian market in March 2006 and succeeded in consolidating its position to become a leading bank in Egypt.  (File photo)
March 20th, 2017 - 07:00 GMT

Against the tide, Bank Audi eyes 2017 expansion

Demonstrators protest against the government's decision to raise taxes to cover a salary increase for teachers and other public servants, Beirut,  March 19, 2017.  (AFP/Stringer)
March 20th, 2017 - 05:06 GMT

Lebanon: Angry tax protests continue for fourth consecutive day

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