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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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The exchange rate had hovered between 3.71 and 3.69 over the past two days and started trading at 3.6950 as of 9 a.m. (0600GMT) Monday morning. (File photo)
February 6th, 2017 - 10:00 GMT

On a roll: Turkish lira rate on four-week high against US dollar

Tesla's founder Elon Musk is also behind the UAE's concept for a Superloop system. (Shutterstock)
February 6th, 2017 - 09:24 GMT

Tesla rolling into oil-rich UAE, launching first operations in MENA region

The non-oil private sector expects market conditions to continue to improve over the coming year. (Shutterstock)
February 6th, 2017 - 08:00 GMT

Saudi’s non-oil businesses improve, but job growth remains slow

UAE's new visa scheme to attract qualified and highly talented professionals to the country. (File photo)
February 6th, 2017 - 07:00 GMT

UAE's new visa system aims to attract talented workforce

Jordan’s agricultural sector is suffering due to regional conflicts and instability. (File photo)
February 6th, 2017 - 06:00 GMT

Jordan $14 million agricultural project to launch in March

Qatar Airways' new route surpasses Emirates' longest flight by about 600 kilometers. (File photo)
February 5th, 2017 - 03:00 GMT

Qatar Airways set to eclipse Emirates with world’s longest flight

The large-scale renewable energy project will generate five thousand megawatts of energy for the country. (File photo)
February 5th, 2017 - 02:00 GMT

Iran to spend $3 billion on renewable energy projects

Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, visits the Arab Health event. (Twitter)
February 5th, 2017 - 01:00 GMT

Dubai’s ‘Arab Health’ sheds light on 3D printing for medical purposes

The ministry stated that it is concerned with saving energy used by the industrial sector and making it more environmentally friendly to reduce CO2 emissions, adding that Egypt is ranked 11th worldwide in terms of rapidly increasing emission rates. (File photo)
February 5th, 2017 - 12:00 GMT

Egypt to invest $6.5 million to solar energy projects

Velodyne self driving car sensor at the North American International Auto Show media preview January 9, 2017 in Detroit, Michigan. (Shutterstock)
February 5th, 2017 - 11:00 GMT

Israel looking to break into auto industry with intelligent cars

Saudi Arabia plans to award contracts for two new solar and wind power plants. (File photo)
February 5th, 2017 - 09:33 GMT

Saudi to invite bids for renewable energy projects in April

The report showed that the gender gap in engagement emerges as employees become more senior. (File photo)
February 5th, 2017 - 09:00 GMT

GCC companies recognize need for more women in leadership roles

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