New Delhi, May 11 -- Amid concerns over India's rising import bill and pressure on foreign exchange reserves, government sources on Monday clarified that there are currently no plans to impose restrictions on the use of international cards or raise import duties on precious metals, even as Prime Minister Narendra Modi on Sunday, stressed the need to reduce dependence on imported commodities such as fuels, gold jewellery and overseas spending.

Commerce Ministry sources said, "At present, there are no import restrictions on cards," dismissing speculation around possible curbs on international transactions to contain foreign exchange outflows.

The sources further stated that there are "no plans to hike tariff on gold and silver" at this st...