Rupee near 1-month low of 56.37/dollar

The rupee was trading close to a month low; at 56.3725/3775 vs 56.12/13 last close. Month-end oil demand seen with USD/INR likely to remain biddish on importer demand, says dealers.

Custodian banks, including a U.S. bank, seen selling intermittently, but not much impact as USD demand is strong.

State-run bank dealer says media reports of government postponing a diesel price increase also weighing on sentiments.

Pair likely to remain bid with diminishing chances of anything coming on the reforms side.