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It operates through an electronic network of banks, corporations, and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one time zone to another across the major financial centers. All About NRE, NRO, NRI Trading Accounts in India - Upstox All About NRE, NRO, NRI Trading Accounts in India Legally speaking, an Indian spending more than 182 days abroad in a financial year is considered to be an NRI. Once a person changes his citizenship status to an NRI, then he/she is not allowed to use a normal savings account.
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