Reuters Market Eye - The BSE Sensex falls 0.4 percent while the Nifty is 0.44 percent lower. Lenders fall, retreating from gains on Monday, ahead of the Fed's meeting ending on Wednesday as an early end to U.S. monetary stimulus is raising worries about a weaker rupee and hence a delay in any potential RBI rate cuts.
The Reserve Bank of India kept interest rates unchanged on Monday, warning of upward risks to inflation as its currency is among the hardest hit amid a global emerging markets sell-off.
Mortgage lender Housing Development Finance Corporation Ltd falls 1 percent while ICICI Bank Ltd is down 0.9 percent.
Asian shares slid on Tuesday ahead of the Fed review.
Foreign institutional investors have been sellers of Indian shares for five consecutive sessions, totaling 28.95 billion rupees, according to exchange and regulatory data.
(Reporting by Abhishek Vishnoi)
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