SEBI allows foreign portfolio investors (FPIs) to trade a wider range of commodity derivatives, expanding participation beyond agricultural contracts. The regulator permits FPIs to access non-agricultural index derivatives, and also allows them to trade non-agricultural commodity derivatives depending on contract settlement terms.
According to the coverage, the approval covers non-agricultural index derivatives regardless of whether the underlying contracts are cash-settled, and it also includes non-cash-settled non-agricultural commodity derivatives. Outlets characterize the move as an opening of the commodity derivatives market to FPIs, but the reporting focuses primarily on the categories of eligible instruments and settlement types rather than on broader policy rationale or market impacts.
While both sources agree on the core expansion to non-agricultural derivatives, they emphasize slightly different phrasing—one highlights the “non-agri commodity derivatives” scope and the other describes the broader opening to FPIs—without conflicting details on which products are included.
