RBI to allow trading in currency options

Just saw this news today? Does this mean we are we allowed to trade forex and we can open forex account with Indian brokers ?Full story here.

http://economictimes.indiatimes.com...g-in-currency-options/articleshow/6152878.cms

From the article:
Frankly speaking, I'm not fond of USD/INR as a trading pair because of inherent control by the government and RBI.

Unless they offer the heavyweights like EUR/USD, GBP/USD and GBP/JPY, foreign brokers are the only option, at least for now.

Yes Abhilash,

I think they already told about that a long time ago...

Try opening with Overseas, they are good than Indian Brokers

A step in the right direction taken by RBI. Now they should also think about opening the OTC forex market for individual traders.