Silver bars displayed at a jewelry store in Mumbai, India.
May 16, 2026 at 2:53 PM UTC
India tightened rules for imports of silver, one of a number of measures to preserve foreign-exchange reserves and defend the rupee after the currency sank to an all-time lowBloomberg Terminal.
The import of silver bars is now “restricted” rather than “free,” the government said in a notification on Saturday. That means only shipments licensed by India’s Directorate General of Foreign Trade can be brought into the country. The changes will be effective immediately.
Extracted and lightly reformatted for readability. · Source: pt