Silver imports surge after new licensing rules
Silver imports through India's bullion exchange have jumped after new licensing rules took effect. The rise follows a May decision by the Directorate General of Foreign Trade to put some silver categories on a restricted list. Importers now need authority licences to bring those types in.
ContextContext: The Directorate General of Foreign Trade is the government body that regulates India's imports and exports. Silver is widely bought as an investment and used in jewellery and industry, so changes to how it enters the country affect dealers and buyers.
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