India has raised import ​tariffs on gold and silver to ​15% from 6%, government orders said on Wednesday, as part of ​efforts to curb overseas purchases of the metals and ease pressure on the country’s foreign exchange reserves. The higher duties could dampen demand in the world’s second-largest consumer of precious metals, although they may help ‌narrow India’s trade ⁠deficit ⁠and support the rupee, one of Asia’s worst-performing currencies.

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