India's silver imports plunge to over three-year low in May, curbs and higher duties hit inflows

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• Times of IndiaLean R·2h ago

  India's silver imports plunge to over three-year low in May, curbs and higher duties hit inflows

  India's silver imports plummeted by 87% in May to their lowest in over three years, following government restrictions and increased duties. This sharp decline, with imports falling to $75.57 million and volumes dropping 94%, aims to curb precious metal purchases and ease pressure on the rupee.

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