Tuesday, January 17, 2012

RBI allows Commodity Hedging, but not in Gold, Silver, Platinum

MUMBAI: The Reserve Bank today allowed all authorized banks to grant permission to companies to hedge the price risk of of all commodities, barring gold, silver and platinum, in the international commodity markets.

"It has now been decided to permit all AD Category-I banks to grant permission to companies to hedge the price risk in respect of any commodity (except gold, silver, platinum) in the international commodity exchanges/markets as specified under the delegated route," the Reserve Bank said in a circular. 


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