India's forex reserves lower at $291.07 bln as of Jan 31- RBI

MUMBAI (Reuters) - India's foreign exchange reserves fell to $291.07 billion as of January 31, from $292.24 billion in the earlier week, the Reserve Bank of India said 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 RBI said in its weekly statistical supplement.

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

(Reporting by Neha Dasgupta; Editing by Sunil Nair)