eur.bitcurex.com is the site where i exchanged bitcoins to EUR.
Purchased bitcurex card from bitmit.net .Go for EUR card only and not for USD card if you are willing to purchase while you in India. Else u will lose 3-4% extra for conversion charges from EUR to USD and then to INR.
Bitcurex card comes with associated reference number which you need to use as bank account IBAN and withdraw your EUR on their website to your bank account (which basically is your card).
Boom ! Usually in 1 working day, the withdrawal will complete and you can go out for shopping
So easy to use bitcoins to shop around. This card is completely anonymous and can be used for both online and offline transactions.
Drawbacks: The exchange rate at eur.bitcurex.com is not that good for sellers as there are not many buyers there for order matching to occur. If you want to buy bitcoins, you will get it lot cheaper than mtgox though. Once this becomes a bit more popular, we can definitely get competitive rate for selling bitcoins. Else this is a perfect way to carry card around and spend.