Business & Finance
India Silver Imports Slump as New Licensing Disrupts Shipments
Key Points
India Silver Imports Slump as New Licensing Disrupts Shipments Silver imports into India have slowed sharply as a new licensing regime disrupted shipments, pushing local premiums to a multi-month high. Most banks have yet to secure the permits needed to import the white metal and remain awaiting government approval, according to people familiar with the matter, who asked not to be identified because they are not authorized to speak to the media. Only a handful have obtained licenses, they said.
India Silver Imports Slump as New Licensing Disrupts Shipments
Silver imports into India have slowed sharply as a new licensing regime disrupted shipments, pushing local premiums to a multi-month high.
Most banks have yet to secure the permits needed to import the white metal and remain awaiting government approval, according to people familiar with the matter, who asked not to be identified because they are not authorized to speak to the media. Only a handful have obtained licenses, they said.