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India's silver imports hit over three-year low in May after import curbs
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)
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- Jun 15, 2:43pm | 7 hr ago Posted byFundamental Analysis55
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