Restrictions on Silver Imports
New Delhi: With the objective of conserving foreign exchange reserves, the Central Government has imposed restrictions on silver imports. Silver has been moved from the 'Free Category'—which currently allows for unrestricted imports—to the 'Restricted Category,' where stricter controls are enforced. The government announced that this decision comes into effect immediately. Experts suggest that this move is likely to lead to a reduced supply of silver in the market and a potential rise in prices.
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