The 30-share Sensex ended 229.02 points, or 0.57 per cent, lower at 40,116.06.
The Indian currency was trading 57 paise lower at 72.04 against the US dollar at 1548 hours.
Rupee is trading at 71.77 against dollar amid rising concerns over the US-China trade deal.
The 30-share index pared gains to trade 19.98 points, or 0.05 per cent, higher at 40,365.06.
RBI purchased USD 6.514 billion and sold USD 900 million in the spot market, according to a recent RBI data.
When the first letter became public on 22 October, Infosys stock plunged about 16 per cent and since then, the stock has recovered 9.5 per cent.
Financial markets will resume trading on Wednesday, November 13.
SFBs have made good progress on deposit mobilisation.
The 30-share index pared some losses to trade 4.57 points, or 0.01 per cent, lower at 40,319.04.
At the interbank foreign exchange, the rupee opened at 71.36 against the US dollar.