Comment on NRI trading on Indian Stock Exchanges
commented on
29 Mar 2015, 02:44 AM
I had a few questions,
1. I don’t understand the F&O trading for NRI. Are you saying an NRI can only trade in the derivatives market if he/she has atleast 25lakhs worth of securities (all of which should be in the custodial account)?
2. NRI cannot trade in currency or commodities? So in that case its not possible to do any forward contracts on currencies (something that normally happens in forex trading)?
3. Is there any workaround for any of the above two scenarios. Like for example opening a joint account with a resident indian?