MUMBAI: India's foreign exchange reserves fell to $294.99 billion as of March 2, from $295.048 billion in the previous week, the central bank said in its weekly statistical supplement on Friday.

Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in its reserves, the Reserve Bank of India (RBI) said.

Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund (IMF).