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BUSINESS

BUSINESS latest

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 Gulf state's oil facilities will be protected by maximum security after increased fears of more extremist attacks. (AFP/File)
June 27th, 2015 - 07:23 GMT

Kuwait heightens security for oil sector after Daesh attack on Shiite mosque

Al Bawaba
June 27th, 2015 - 06:06 GMT

Boycott of Egypt’s phone operators to continue Saturday

Al Bawaba
June 26th, 2015 - 01:34 GMT

Iran accelerates drilling of largest oilfield

Al Bawaba
June 26th, 2015 - 01:00 GMT

OPINION: Mixed-gender workplaces must not be a stigma for Saudi women

Al Bawaba
June 26th, 2015 - 06:46 GMT

GCC construction in major growth phase

Al Bawaba
June 25th, 2015 - 01:54 GMT

For ordinary Palestinians, full support of BDS is impossible

The Shaybah field has the best Arabian Extra Light crude oil with a specific gravity of 42 degrees at depth of 4,900m. (Shutterstock)
June 25th, 2015 - 01:27 GMT

Saudi Aramco's expansion projects feed growing domestic demand

Al Bawaba
June 25th, 2015 - 11:46 GMT

Shell, Eni openly court Iran ahead of nuclear deal

Al Bawaba
June 25th, 2015 - 11:32 GMT

Bahrain: Foreign investment at $1B for second year running

Al Bawaba
June 25th, 2015 - 11:28 GMT

Abu Dhabi Ports celebrates ‘Day of the Seafarer’ with a 1000-strong gathering

Al Bawaba
June 25th, 2015 - 11:19 GMT

Sheikh Khalifa Medical City Introduces Valet Parking for Outpatients

Al Bawaba
June 25th, 2015 - 10:30 GMT

Shares jump as Etisalat lifts ban on foreign ownership

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