10 Articles
10 Articles
Indian Banks Resume Bullion Imports After Month-Long Halt Over 3% Levy
Indian banks have resumed gold and silver imports after a hiatus that stretched for more than a month by agreeing to pay a 3% customs levy that earlier prompted lenders to halt shipments, trade and government sources told Reuters.The resumption is expected to boost the country's gold imports, widen the trade deficit and put more pressure on the rupee, which is among Asia's worst-performing currencies this year.Worried about mounting pressure …
Rising gold imports in India: An explainer
New Delhi: As Prime Minister Narendra Modi has appealed for austerity measures in view of the tensions in West Asia, India’s rising gold imports are drawing attention. Emphasising that the Centre is trying to shield people from the adverse impact of the conflict in West Asia, Modi on Sunday called for judicious use of fuel, postponement of gold purchases and foreign travel, among other measures, to strengthen the economy. Here are a few question…
India's gold import: How it impacts our economy
India's gold imports are at an all-time high, reaching $71.98 billion in 2025-26. This surge is driven by increased prices and trade agreements. High imports pressure India's trade deficit and foreign exchange. The government is reviewing trade policies to curb these imports and protect reserves.
Prime Minister Narendra Modi's call for frugality to mitigate the economic impact of the conflict in the Middle East
Gold imports cross record levels in India: Here’s how rising gold demand is affecting economy, Forex reserves and government finances
India’s growing gold imports are becoming a major concern for the economy as the country spends billions of dollars every year on buying the precious …
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