As per the data, the reserves were down for the fourth consecutive week. It was down by over USD 2.402 billion.
The decline was probably due to the dollar selling by the apex bank to prop up the rupee, which resulted from the fall in international gold prices during the period.
Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation/depreciation of other currencies held in its reserves, the RBI said.
As of June 1, the foreign currency assets slipped to USD 253,094 million from USD 254,406 million.