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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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Russia's T-90MS tank, the latest variant in the Kremlin's T-90 series. (Wikimedia Commons)
March 14th, 2017 - 10:00 GMT

Iran to mass produce battle tank to rival Russia's T90MS

Kuwaiti oil minister Essam al-Marzouk speaks to the press in Kuwait City on February 13, 2017. (AFP/Yasser Al-Zayyat)
March 14th, 2017 - 09:00 GMT

Kuwait's oil minister would back extension of OPEC production cut

Al Othman urged attendees to adopt the highest international standards of corporate governance, to help move the region from frontier markets to emerging markets to developed markets. (Twitter/GCC BDI)
March 14th, 2017 - 08:00 GMT

Arab Regulators Conference: Regional firms slow to adopt global corporate government standards

Saudi Arabia is Japan’s largest oil supplier, with about one-third of all oil imports in 2015 coming from the Kingdom.  (AFP/Shizuo Kambayashi)
March 14th, 2017 - 07:00 GMT

Saudi, Japan mull Aramco listing on Tokyo Stock Exchange

The cartel and non-OPEC Russia have said that a possible extension of the production cut deal is still too early to assess.  (AFP/File)
March 14th, 2017 - 06:42 GMT

Will OPEC extend the production cut deal?

Wadi Zara, Jordan. (Wikimedia Commons)
March 14th, 2017 - 06:00 GMT

Arab Water Week: Brain drain poses new challenges for regional water management

Algeria has the 10th-largest natural gas deposits in the world and is the third-largest supplier to Europe. (Shutterstock)
March 14th, 2017 - 05:16 GMT

Algeria to receive $42.7M in EU funding for renewable energy projects

Starbucks operates nearly 600 stores in 12 countries in the Middle East and North Africa. (File photo)
March 13th, 2017 - 06:59 GMT

Has the #BoycottStarbucks anti-refugee campaign succeeded in hurting the coffee giant?

The oil pipeline will transport petroleum products from the port city of Karachi to major consumer Punjab. (File photo)
March 13th, 2017 - 04:00 GMT

Kuwait builds Pakistani oil pipeline from Karachi to Punjab

Russia suspended all its flights to Egypt following the Russian plane crash in Sinai in October 2015. (File photo)
March 13th, 2017 - 03:00 GMT

Russia, Egypt finalize security protocol to resume flights

The Dubai government aims to see 25 percent of buildings in the city constructed using 3D printing technology by 2030. (File photo)
March 13th, 2017 - 02:00 GMT

The future is here: Dubai gears up for world's first 3D-printed skyscraper

The Central Bank of Egypt increased interest rates to curtail inflation, but it has not been effective at reducing price hikes. (File photo)
March 13th, 2017 - 01:12 GMT

Egypt's inflation remains high despite higher interest rates

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