India eases silver imports as Chinese banks step back

India is easing silver imports as Chinese banks step back from the market, according to a news report. Traders and bank dealers this week received quotas covering as much as 6,000 tons of silver, valid for six months, ahead of Diwali. The move comes after India imposed a 3% levy on silver imports by banks and state-nominated agencies in October.

Detected & updated continuously · Source: Nebula