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<h1>SEBI Allows FPIs to Trade Non-Agricultural Commodity Derivatives in IFSC, Transactions in Foreign Currency Only.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular permitting Foreign Portfolio Investors (FPIs) to participate in commodity derivatives contracts in International Financial Services Centre (IFSC) stock exchanges. This participation is limited to non-agricultural commodity derivatives, which will be cash-settled based on overseas exchange prices. Transactions must be conducted in foreign currency. Exchanges are required to amend their rules accordingly and inform their members. The circular aims to protect investor interests and promote market development, effective from the date of issuance.