India's foreign exchange reserves declined by a whopping $4.343 billion to $367.646 billion.
Industry seeks cut in customs duty on natural rubber.
Asian markets were trading mixed with shares in China witnessing profit taking after sharp gains in the previous session.
Bank shares were the top losers after sharp gains last week.
US crude was down 25 cents at $52.08.
From smart cities to gold, the fallout of the Chinese meltdown will have far-reaching consequences
Markets shrugged off RBI's neutral stance on key policy rates.
Even as the Indian benchmarks, the BSE Sensex and Nifty 50, crumbled over three per cent today, experts are optimistic about the Indian economy and believe investors can still make 30 per cent plus returns in 2015
Maruti, Hyundai, Tata Motors, Mahindra & Mahindra and Honda saw their passenger vehicle sales improve in August compared to the same month last year, although Ford and Toyota witnessed a decline.
Of the 30-share Sensex pack, 15 today closed in the red
The government had increased customs duty on gold to 10 per cent and banned import of gold coins and medallions, while the RBI linked imports of the metal to exports.
The 5-seater Compass is set to take on Hyundai Creta, Mahindra XUV500, Renault Duster, Toyota Innova and Tata Hexa.
OIL, IOC, HPCL, BPCL slipped between 0.1-1.5% each while the oil producing companies such as ONGC (0.1%), RIL (1.5%), GAIL(2.6%) also edged lower.
Modi sarkar will have to undertake reforms to prove its mettle.
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
As per the conditions set by General Motors, a dealer who does not accept its offer by July 15 would get only 50 per cent of the compensation amount being offered.
The rupee resumed lower at 63.65 per dollar as against previous closing of 63.58 at the Interbank Foreign Exchange (Forex) market.
Jindal Steel and Power was the top loser down 10% followed by Hindalco, Tata Steel, Tata Power which ended down between 0.5-3% each.
If Volkswagen's sales were to plunge in North America in the coming months, this would not only have an impact on the company, but on the German economy as a whole.
A steep decline in the Asian equities after crude oil fell to its lowest since September 2003 dented sentiments.
Senior Executive Director & Co Head (Strategy) of Kotak Institutional Equities Sanjiv Prasad tells Prasanna D Zore/Rediff.com that even if there are a number of challenges facing the Indian equity markets, there are certain sectors that offer a ray of hope.
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
Does India's most valued company give hope to its investors that they, too, might drive a Jaguar some day?
A look at the financials of some of the key companies in the Sasikala clan's business empire.
On the sectoral front, rate-sensitive sectors such as Bankex and Auto gained by 1% and 0.7% respectively while BSE Consumer Durables gained 1.4%.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
The broader NSE index has fallen about 0.9% as investors wait for corporate results
The Sensex ended up 244 points at 28,504 on strong global cues.
Interest rate sensitive stocks gain ground post decision
'There is a law that prevents the government from diluting its equity in the PSBs below 50 per cent.' 'That law has to be amended and given the parliamentary arithmetic of the political parties, it is not as simple to do that.'
Wiping off nearly Rs 4 lakh crore of investors' wealth during the day, benchmark Sensex crashed on Friday.
Developed at an investment of Rs 620 crore (Rs 6.2 billion), the most on a car by Maruti Suzuki, the Ciaz will also be exported to West Asia, Europe, Africa and Latin America.
Bajaj talks about the tribulations in following 'Make in India' call
Since most Indian firms have kept their forex exposure unhedged, credit profile of companies in the highly sensitive sectors such as oil & gas, metal & mining, airlines could weaken substantially, says Anup Roy.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
Analysts mostly prefer domestic plays beside select films with foreign exposure.
Markets end in red; bluechips struggle to keep pace.
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Markets ended flat on Tuesday, amid a volatile trading session, as investors exercised caution ahead of the two-day FOMC meet starting today and Reserve Bank of India's monetary policy later this week.
India's latest GDP numbers do not signal robust economic growth in near term.
The NSE 50-share index, after moving between 10,469.90 and 10,395.25, finally concluded at 10,458.65, up 41.50 points
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