Parekh Platinum has asked the Reserve Bank of India (RBI) to allow it to hedge in the platinum group of metals, including palladium and rhodium, in the international markets. The company has sought not to allow it to hedge in bullion on the London Bullion Exchange last. It is currently exporting jewellery to Italian makers who in turn export to various countries. In view of this, the company has decided to take up platinum jewellery exports to cater to Chinese and Japanese markets which are the largest customers for products using the precious white metal, according to Rajesh Parekh, chairman and managing director of Parekh Platinum.
NSTL
