BENGALURU (Reuters) - India's Reliance Industries reported a near 2% fall in fourth-quarter profit on Monday, hurt by higher expenses.

The billionaire Mukesh Ambani-led company, India's largest by market value, said its consolidated profit fell to 189.51 billion Indian rupees ($2.27 billion) in the January-March quarter from 192.99 billion rupees a year earlier.

($1 = 83.3651 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)