[SOLVED] "Global Ignore Files" setting is missing

EDIT: solved after upgrading to 0.49.2

Cursor version: 0.48.9
OS: Windows 11

I don’t see Global Ignore Files under Settings (as shown in the snapshot)
Is this available in 0.49+?

i am on 4.8x version and you can go to File > Preferences > VS code settings

Then you will see cursor in the menu and you scroll to the bottom of the tab and you can see global ignore