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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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Syrian refugee children look on from a window during a sandstorm at a refugee camp on September 8, 2015 near the Bekaa Valley village of Taalabaya Lebanon. (AFP/File)
July 28th, 2016 - 02:00 GMT

World Bank renews $1.5 billion commitment to Lebanon

Egyptair is encouraging Egyptians to support local tourism and take their holidays inside the country. (Shutterstock)
July 28th, 2016 - 01:00 GMT

Egyptair encourages Egyptians to travel at home

Saudi Vision 2030 was announced in April focusing on economic diversification and attracting foreign investment. (AFP/File)
July 28th, 2016 - 12:00 GMT

Saudi Vision 2030 expected to reinvigorate Jeddah and Riyadh real estate markets

With the Kingdom's recent stability, JSF expects next year’s economic conditions to be better than this year’s. (Shutterstock)
July 28th, 2016 - 11:00 GMT

Jordan foresees improved economic conditions for 2017

The UAE is well prepared to be crowned as a fun destination in the Mena region. (File photo)
July 28th, 2016 - 10:00 GMT

UAE to become top leisure destination in the Middle East

Careem has brought a new fleet of specially-adapted vehicles into its network and modified its reservation system. (File photo)
July 28th, 2016 - 07:00 GMT

Careem launches service for disabled travelers in Saudi

Etisalat reported earnings of $626 Million in the second quarter of 2016. (File photo)
July 28th, 2016 - 06:00 GMT

Etisalat profits jump by 51 percent

Fresh grads in the UAE want to feel passionate about their job, while nearly 10 percent said they didn't know what salary to expect at their first job. (Shutterstock)
July 28th, 2016 - 04:58 GMT

For UAE grads, passion for the job comes before salary

Failures make for better leaders, says Emaar Properties chairman Mohamed Alabbar. (File photo)
July 28th, 2016 - 04:00 GMT

Alabbar Enterprises buy over $100 million worth of stakes in Aramex

A Saudi woman looks at her mobile as she walks through a coffee shop. (AFP/File)
July 27th, 2016 - 03:00 GMT

Forty percent of mobile stores fall short of ‘Saudization’ plan

Tourists stand in front of the Royal Opera House in Omani capital Muscat. (AFP/File)
July 27th, 2016 - 02:00 GMT

Oman gets the Royal go ahead on plan to diversify economy

Tunisia and Morocco are building their economic partnership. (Al Bawaba)
July 27th, 2016 - 11:00 GMT

Tunisian, Moroccan Chambers of Commerce meet to discuss economic partnership

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