Sale and purchase of foreign exchange derivatives and commodity derivatives abroad

Under Liberalized Exchange Scheme and as per recent master circular , a resident in India is allowed to invest in the following segments:

What is allowed 

Both capital account and current account transactions are allowed under this scheme. The capital account transactions that can be made under this scheme range from buying stocks in overseas markets to acquiring property and trading in stock/commodity futures overseas. The scheme allows Indian residents to make the following capital account transactions: 

Investment in foreign securities 

Acquisition and transfer of immovable property outside India by an Indian resident 

Maintenance of foreign currency accounts outside India 

Taking out an insurance policy from a foreign insurance company on an Indian resident 

Loans and overdrafts given to a person resident outside India, and 

Sale and purchase of foreign exchange derivatives and commodity derivatives abroad

 

 As per recent master circular , investment in foreign commodity derivatives is allowed under general permission of RBI and not prior approval of RBI is needed now.