currency

India’s foreign currency reserves fell to a 10-month low as rupee pressure mounted – Trendy Blogger

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India’s foreign currency reserves fell to a 10-month low as rupee pressure mounted – Trendy Blogger

Mumbai: India’s foreign exchange reserves fell for the fifth straight week to a 10-month low of $634.59 billion as of January 3, data from the Reserve Bank of India (RBI) showed on Friday. Reserves decreased by $5.7 billion in the aforementioned week, after declining by a cumulative amount of $17.8 billion in the previous three … Read more

NPPMCL urges SBP to release foreign currency in exchange for maintenance payments – Trendy Blogger

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NPPMCL urges SBP to release foreign currency in exchange for maintenance payments – Trendy Blogger

National Power Parks Management Company (Private) Limited (NPPMCL), a government-owned independent power producer (IPP), has invited the State Bank of Pakistan (SBP) to approve the transfer of US$4.7 million to General Electric (GE) for… Maintenance work. Of power plants powered by liquefied natural gas (RLNG). According to media reports, the payment delay is due to … Read more