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IndusInd Bank has reported discrepancies in its derivatives portfolio related to transactions spanning the last 7-8 years. These issues arose from internal trades involving low-liquidity instruments, such as 3-6-year yen and 8 to 10-year dollar borrowings.
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The brokerage said a likely positive shift in fundamentals is not in the price and it expects Indian equities to recover the lost ground against its peer group through the rest of 2025.
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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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