India’s foreign exchange reserves declined $1.08 billion to $261.21 billion for the week ended June 5, mainly due to fluctuation in the value of international currencies such as the euro, the pound and the yen.

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In rupee terms, the reserves declined Rs 10,431 crore to Rs 2,61,217 crore. The rupee slipped to close at 47.61 to a dollar on Friday as against 47.10 on June 5.

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