IndusInd & Out: Rs 19,000 crore lost in a day

March 12, 2025

The private bank on Monday said its net worth could take a 2.35% hit to the tune of roughly ₹1,600 crore as of December 31 on account of underestimation of foreign exchange hedging costs. Analysts said these were internal foreign exchange derivatives based on the bank’s forex borrowings and deposits.

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