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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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Middle East Carriers Post 98 Percent Demand Drop in May
July 2nd, 2020 - 07:30 GMT

Middle East Carriers Post 98 Percent Demand Drop in May

Airbus to Cut 15,000 Jobs Due to COVID-19
July 2nd, 2020 - 07:00 GMT

Airbus to Cut 15,000 Jobs Due to COVID-19

NMC Injected Millions of Dirhams Into BR Shetty's Daughter's Failed Ventures
July 2nd, 2020 - 06:30 GMT

NMC Injected Millions of Dirhams Into BR Shetty's Daughter's Failed Ventures

UAE to Provide $160 Billion Investment Opportunities In Energy Sector
July 2nd, 2020 - 06:00 GMT

UAE to Provide $160 Billion Investment Opportunities In Energy Sector

Middle East Companies and Projects That Benefited From COVID-19
July 1st, 2020 - 03:00 GMT

5 Companies That Benefited From COVID-19 in the Middle East

COVID-19 Prevents Samsung from Participating in Europe's Largest Consumer Electronics Show
July 1st, 2020 - 01:00 GMT

COVID-19 Prevents Samsung from Participating in Europe's Largest Consumer Electronics Show

Amazon Remains World’s Most Valuable Brand
July 1st, 2020 - 12:30 GMT

Amazon Remains World’s Most Valuable Brand

TikTok's Response to India's Ban: User Data Not Shared with China
July 1st, 2020 - 12:00 GMT

TikTok's Response to India's Ban: User Data Not Shared with China

US Witnesses New Record of Bankruptcy Filings Due to COVID-19
July 1st, 2020 - 11:30 GMT

US Witnesses New Record of Bankruptcy Filings Due to COVID-19

Saudi Arabia Does Not Agree with IMF's Projection on Saudi GDP
July 1st, 2020 - 11:00 GMT

Saudi Arabia Does Not Agree with IMF's Projection on Saudi GDP

What Is the Impact of Price Reporting Agencies on the Oil Industry?
July 1st, 2020 - 10:30 GMT

What Is the Impact of Price Reporting Agencies on the Oil Industry?

Saudi Aramco Chief Optimistic About Oil Demand in H2 2020
July 1st, 2020 - 10:00 GMT

Saudi Aramco Chief Optimistic About Oil Demand in H2 2020

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