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Jul 25, 2012, 03.05 PM IST
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.
May 23 2013, 16:33
- in Asian markets
May 23 2013, 09:33
- in Technicals