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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 North African country has repeatedly delayed a return to international debt markets after selling its first international bond in five years last June. (File photo)
April 17th, 2016 - 12:00 GMT

Egypt's international bond issue delayed

The conference also assessed the necessary steps required for takaful players to build the industry's financial strength. (File photo)
April 17th, 2016 - 11:37 GMT

Sharia-compliant insurance can be marketed to non-Muslims: Takaful conference

Essential food items and daily necessities will be VAT-exempt. (File photo)
April 17th, 2016 - 11:00 GMT

VAT in GCC: Inflation could drive up costs of doing business

Aon's Terrorism and Political Violence Map shows a rise in political violence and terrorism risks for the first time since 2013. (File photo)
April 17th, 2016 - 10:00 GMT

Which GCC countries are most at risk of a coup d'état?

Idaho State University. (Twitter)
April 17th, 2016 - 08:53 GMT

Saudi temporarily suspends Idaho scholarships in wake of harassment reports

Kuwait is introducing a new payroll scheme for all public employees and wants to include the country’s 20,000 oil workers. (File photo)
April 17th, 2016 - 08:39 GMT

Kuwait's ministry takes 'preventative measures' as oil workers strike

Reporters were allegedly prevented from taking photographs but many surfaced on social media. (AFP/Str)
April 17th, 2016 - 07:59 GMT

Egypt faces media blackout over Red Sea Islands protests

Iran has repeatedly rejected any limits on output before it production reaches pre-sanctions levels. (Shutterstock)
April 17th, 2016 - 04:13 GMT

Oil producers gather in Doha amid low expectations

Saudi Oil Minister Ali Al-Naimi. (Twitter)
April 14th, 2016 - 12:00 GMT

Saudi Arabia nixes talk of oil production cuts ahead of Doha meeting

Narcotics seized from two vehicles entering Jordan from Syria last month.  (Photo courtesy of Jordan Armed Forces-Arab Army)
April 14th, 2016 - 11:00 GMT

Raids on the up as Jordan combats drug smuggling

Five state-owned companies will be affected by the strike. (AFP/Yasser al-Zayyat)
April 14th, 2016 - 09:00 GMT

Kuwaiti oil union leader denies strike negotiations are underway

Oman agents say that  investors with big money want to see a clear framework of buying, responsibilities and obligations which has not yet done. (Constructionweekonline.com)
April 14th, 2016 - 08:00 GMT

Oman's real estate agents appeal for framework to boost expat property sales

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