NEW DELHI -(Dow Jones)- India's foreign exchange reserves as at June 30 stood at $265.1 billion in the current fiscal year, against $312.1 billion in the same period last year, the country's junior finance minister said Friday. "Intervention by the Reserve Bank of India in the foreign exchange market to smooth exchange rate volatility and valuation changes due to inter se movement of U.S. dollar against other currencies have been the major factors responsible for the variation in foreign exchange reserves," Namo Narain Meena told lawmakers in the lower house of Parliament. Separately, Meena said the RBI invested $250 million in March in foreign currency-denominated bonds issued by India Infrastructure Finance Co. to finance local infrastructure projects. -By Abhrajit Gangopadhyay, Dow Jones Newswires; 91-11-43563301 abhrajit.gangopadhyay@dowjones.com

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