Categories: BUSINESS

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.
Sumitra

Recent Posts

India seeks French investment in manufacturing; Piyush Goyal pitches scale and talent

Commerce and Industry Minister Piyush Goyal urged French companies to invest in India's manufacturing sector,…

1 day ago

India restricts deployment of seafarers to conflict zones, Shipping authority issues fresh advisory

Following a fatal US military strike off the Oman coast that killed three Indian seafarers,…

1 day ago

BRICS adopts Indore Declaration; India to lead seed rights, digital agriculture initiatives

BRICS nations have adopted the "Indore Declaration," pledging enhanced cooperation in agriculture and launching new…

2 days ago

Hardeep Singh Puri says India has over 60 days of crude, gas stocks; rules out any energy supply crunch

India assures ample energy supplies, with over 60 days of crude oil and natural gas…

2 days ago

Tu cheez badi hain….Musk Musk: A small step for SpaceX, a giant leap to a trillion for Elon

Elon Musk has achieved a historic milestone by becoming the world’s first trillionaire, driven by…

3 days ago