Who Is A NRI
NRI is otherwise known as Non Resident Indian. It is a term sued for a person who does not reside in India.
Can an NRI do intraday trading?
NRIs cannot do Intraday. NRI Investor has to take delivery of shares purchased and give delivery of shares sold. Short Selling is not permitted in case of NRIs.
However, NRIs are allowed to invest in futures & options segment of the exchange out of Rupee funds held in India on non repatriation basis, subject to the limits prescribed by SEBI.
Know the account opening procedure in detail to know about NRI trading.