Sensex lower ahead of RBI policy

Reuters Market Eye - The BSE Sensex falls 0.36 percent, while the Nifty is down 0.35 percent.

Investors cautious ahead of the Reserve Bank of India's monetary policy review later in the day.

Interest-rate sensitive stocks are down.

State Bank of India is down 0.7 percent and ICICI Bank is 0.2 percent lower.

Oil explorers such as Oil and Natural Gas Corp gain tracking gains in global crude prices.

(Reporting by Indulal PM)