MUMBAI, Jan 25 Reuters The Indian rupee rose against the U.S. currency on Wednesday, helped by likely dollar inflows and gains in most major Asian peers.

The rupee last traded at 81.59 per U.S. dollar, compared with 81.72 in the previous session. It was a choppy session, with the local currency trading in a range of 81.50 to 81.76.

Rupee bulls can take a lot of positives from today39;s session the rupee managed to hold above the 81.80 levels and it arrested the downside momentum, a trader at a Mumbaibased bank said.

There was talk of dollar inflows related to Adani Enterprises and once again, there was good demand from importers, he added.

Adani Enterprises39; followon public offering FPO opens on Friday.

A tussle between buyers and sellers is likely to continue with inflows pertaining to Adani FPO on one side and the Reserve Bank of India39;s intervention on the other side, said Amit Pabari, managing director at CR Forex.

The RBI likely bought dollars on Monday when the rupee rose above the 81 level, according to traders.

The offshore Chinese yuan rose to 6.7750 to the dollar and the Korean won advanced, helped by a fall in Treasury yields. The twoyear U.S. yield dropped to near 4.14.

U.S. bonds have rallied this year on bets that softening inflation and growth concerns will force the Federal Reserve to cut interest rates later this year. A 25 basis points rate hike next week by the U.S. central bank has been priced in.

Meanwhile, Indian equities suffered their…