India's silver imports plunged 87% in May from a year earlier to their lowest level in more than three ​years, government data showed on Monday, after the world's largest consumer of the metal tightened curbs on imports in nearly all forms. Lower imports by India, which meets more than 80% of its silver demand through overseas purchases, could ​weigh on global prices , while helping narrow the country's trade ​deficit and ease pressure on the rupee. Silver imports fell to $75.57 ⁠million in May from $566.22 million a year earlier, according to data compiled ​by the Ministry of Commerce and Industry. In volume terms, ... (full story)