Ankur Varma, third officer on the oil tanker M/V Cotton, opened his cabin door at five minutes to midnight on July 14 to find two men pointing AK-47s at him.
Roy Paul , deputy general manager at Federal Bank Ltd. in Mumbai, comments on the outlook for India’s rupee.
India’s rupee completed its first annual loss since 2008 as Europe’s debt crisis threatened to derail global economic growth and hurt demand for financial assets in developing nations.
India’s rupee completed a second week of losses on speculation the central bank will limit interest-rate increases to curb appreciation in the currency.
India’s rupee rebounded from a five- month low on speculation a more than 6 percent drop in the benchmark stock index this month will entice overseas investors.
India’s rupee rose, snapping a two- day decline, on speculation exporters will sell dollars to take advantage of the local currency’s decline to a one-week low yesterday.
India’s rupee strengthened, snapping a two-day decline, on speculation the biggest weekly drop in crude prices in more than two years will reduce demand for dollars.
India’s rupee gained the most in more than two weeks after overseas investors raised holdings of the nation’s assets to record levels to benefit from an improving economy.
India’s rupee rose after economic reports signaling faster growth in China, Japan and Australia revived demand for riskier emerging-market assets and boosted regional stocks.
India’s rupee climbed to an 11-week high after the central bank eased monetary policy for the first time since 2009 to support economic growth, prompting investors to boost holdings of local stocks and bonds.
"Initially they were interested in holding the ships, stealing the cargo, taking this ship-crew's possessions and money and leaving."
- Roy Paul on Nov 21, 2013