i was very much looking forward to invest in forex but later i came to know through forums that its illegeal in india. then i searched for these FEMA rules it states clearly:
"no person resident in India shall open or hold or maintain a Foreign Currency Account"
then why some ppl on forum said its legal in india? there must be many ppl in india who invest in forex. how to invest legally?

Answer
don't put money,
first u register with free broker and, win some trading challenge free, then u can withdraw it to your real trading account.
after that u can trade and, trading money can transfer your bank account without any doubt.

all the method describe very clearly in tradestealer e book
you can download in here
http://www.tradestealer.com/
coupon code- testing123 $42off your order, then actual cost is $5

Forex trading hours between USD and INR?

I see that the USD-INR forex rates seem to change only during the normal business hours in India. Are those the only hours for forex trading in USD-INR? If so, what about all those services that offer 24 hour trading -- is there some misunderstanding on my part?

Thanks.

Answer
If you are in India and looking for the 24 hrs trading, in my openion, you cannot. NSE is not round the clock market like forex. I am not suer if there are any regulations in place from Inida (RBI)