The platinum market was unable to avoid the broad-based commodity selloff overnight, and in the process April platinum has fallen down to the lowest price levels since January 12th. Some traders feel that platinum is holding up relatively better than the rest of the metals complex, while other traders think that this pullback is capable of moving prices far below their recent trading range. India's central bank raised their benchmark interest rate by 0.25%, their seventh hike since the start of last year and may indicate stronger investment platinum demand from that nation during the first half of 2011.