India tightens silver import rules to defend rupee
pre-market1 source ↓written by the desknot a recommendation
- effective
- 16 May 2026
- of imports
- 90%
India has implemented new licensing requirements for silver imports, effective from 16 May 2026. High-purity silver bars (99.9% purity or higher) are now classified as Restricted, requiring government-issued licenses for over 90% of imports. This move aims to curb forex outflows and support the depreciating rupee amid rising energy costs and geopolitical tensions. 📉
Not investment advice. For informational purposes only.