India Restricts Over 90% of Silver Imports to Ease Foreign Exchange Pressure

GateNews
XAG1.4%
According to Reuters, India restricted silver imports on May 21 to alleviate foreign exchange reserve pressure. The ban covers high-purity silver bars (99.9%) and other semi-finished silver products, which accounted for over 90% of the country's silver imports in the past fiscal year. The restrictions are expected to impact the jewelry and solar photovoltaic industries, which rely heavily on silver supplies.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments