Foreign exchange reserves had their second consecutive weekly fall, coming down by $1.37 billion to $291.80 billion on the back of a decline in the core currency assets.

The reserves had dwindled by $2.19 billion to $293.17 billion in the previous week.

Foreign currency assets, a major component of the forex reserves, dropped by $1.33 billion to $257.86 billion for the week ended May 11, the Reserve Bank of India said on Friday.

Gold reserves were unchanged at $26.61 billion, it said.

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