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Action Against Hunger has halted critical services. Their Kabul feeding unit is closing. Over 3.5 million Afghan children will suffer from acute malnutrition this year. This is a 20% increase from 2024. Other organizations also face funding shortfalls. Children may die without treatment.
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Based on the PwC report submitted on Tuesday, IndusInd Bank said it has assessed an adverse impact (on a post-tax basis) of 2.27% to the bank's net worth as of December 2024 due to these discrepancies. Early March, when the gaps were first formally announced, the assessment was that the impact would amount to 2.35% of net worth.
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The currency strengthened to 85.59/$1 levels during the day, before losing some ground due to importer hedging demand, while likely intervention by theReaerve Bank of India (RBI) contained excess gains. The rupee had closed at 86.04 the previous day.
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