MUMBAI, Feb 3 Reuters The Indian rupee is likely to open little changed to the U.S. currency on Friday in the wake of the dollar39;s recovery and worries over equity outflows.

The nondeliverable forwards indicated an opening of around 82.1282.20 for the rupee versus the dollar compared with 82.1725 in the previous session.

The risks are definitely on the side that the rupee could see more losses, a trader at a Mumbaibased bank said. Market participants, once they assess that the current levels are sustainable, will push the pair higher, he added.

On the back of dollar purchases by foreign banks, which market participants said were likely prompted by equity outflows, the rupee was among the worstperforming Asian currencies on Thursday.

Foreign investors sold about 374 million worth of Indian equities on Thursday, according to preliminary data. That is on top of the 3.5 billion worth of withdrawals in January. Outflows have accelerated on concerns over the fallout of the slump in Adani Group shares.

The dollar index had its best session in almost a month on Thursday, helped by the fall in the euro and the pound following the central banks39; policy decisions.

The European Central Bank ECB hiked interest rates by a widely expected 50 basis points bps and offered no new hawkish surprises, while the Bank of England BOE adopted a more dovish tone on inflation.

The ECB signalled another 50 bps hike in March but still failed to surpass hawkish expectations that were baked…