Can an NRI use NRE account to trade in derivatives instead of NRO?

As per RBI/SEBI regulations, an NRI needs to open a Non-Resident Ordinary Account (NRO) to trade in the derivatives segment.

An NRI needs a NON-PIS NRO Account to trade in F&O.  

• The money in NRO account remains in Indian Rupee which makes it easy for clearing the daily trades.
• The profits earned by the derivatives trading cannot be repatriated.
• The principal amount can be repatriated.
• The net profit is taxed at 30% and deducted as TDS every month.