New Delhi: The Reserve Bank of India's measures to check the slide of the rupee failed to cheer the market as the benchmark index slipped into the negative soon after the bank's announcement, shedding 90 points. Amid volatile trade, the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which was in the green till late afternoon closed at 16,882.16 points, down 0.53 percent or 90.35 points from its previous close of 16,972.51 points. The RBI announced a series of measures, including raising limits for external commercial borrowings and government securities, aimed at reviving the battered currency and the economy. In order to attract foreign funds, it hiked the FII limit for investment in government securities by $5 billion to $20 billion. However, investors felt this was not enough to boost the markets. The Sensex had touched a high of 17,131.15 points and low of 16,853.05 points in intra-day trade. The banking index was down by 118.50 points, followed by the power index, down 17.84 points, and the PSU index, down 60.40 points. The wider 50-scrip S&P CNX Nifty of the National Stock Exchange (NSE) too closed 0.61 percent lower at 5,114.65 points. Major Sensex losers included Hero MotoCorp, down 2.72 percent at 2027.75; Hindalco, down 2.35 percent at 114.50; ONGC, down 2.31 percent at 272.95; Cipla, down 2.26 percent at 306.60; and SBI, down 1.94 percent at 2114.90. Major Sensex gainers were Maruti Suzuki, up 1.14 percent at 1113.95; Gail India, up 0.76 percent at 343.45; RIL, up 0.72 percent at 716.20; HDFC, up 0.54 percent at 643.10; and Bajaj Auto, up 0.31 percent at 1550.05. On the global front, European shares fell as investors looked cautious ahead of a critical European Union summit later this week. At the closing bell here, France's CAC was 1.68 percent down, while Germany's DAX and Britain's FTSE 100 were trading 1.66 percent and 0.77 percent lower respectively.