Can NRI share trading in India?

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Yes, NRIs are allowed to do share trading in India.

NRIs require PIS approval, an approval from RBI, to invest and trade in equity shares through stock exchanges. The trades under PIS get reported to RBI.

An NRI can open an NRE PIS or NRO PIS account to invest in shares. NRIs also have flexibility to invest using NRO Non PIS accounts. However, not all brokers provide the facility to trade using a Non-PIS account.

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