MUMBAI, Dec 22 Reuters The Indian rupee rose against the U.S. currency on Thursday on the back of the dollar39;s decline against its major peers and Asian currencies.

The rupee was at 82.72 per U.S. dollar by 1035 IST, up from 82.81 in the previous session. The local unit had opened at 82.80.

The pair USDINR has been unexpectedly well offered, partly due to lack of triggers that could take it near the 83 level, a spot trader at a bank said. The pair remains hopelessly rangebound, the trader added.

USDINR remains calm going into the holiday week of Christmas, said Jateen Trivedi, research analyst at LKP Securities. The nearterm range for USDINR is 82.5082.95, with bias towards a weaker rupee, Trivedi added.

Asian currencies were trading higher, while the dollar index declined to 103.92 on positive risk sentiment. The overnight rally on U.S. equities spread to Asia. U.S. consumer confidence rose to an eightmonth high in December, lifting appetite for risk assets.

Meanwhile, traders will scrutinize data due later in the day from the United States to assess the growth and interest rate outlook for the world39;s largest economy, heading into the new year.

Indian equities opened higher, but were unable to sustain the advance amid concerns over inflation.

The Reserve Bank of India39;s latest monetary policy meeting minutes showed the central bank was concerned about inflation and most policymakers reckoned that a premature pause to its rate tightening cycle is not…