MUMBAI, Feb 23 Reuters The Indian rupee rose against the dollar on Thursday, helped by a broad recovery in Asian currencies following losses fuelled by worries over rising U.S. yields.

The rupee was at 82.77 to the U.S. dollar by 1029 a.m. IST, up from 82.85 in the previous session. Following the higher opening, the local currency has been in a threepaisa range.

The rupee, it can be safely assumed, will stick to the 82.80 level through the session, a currency dealer at a private sector bank said. Volumes are likely to be on the lower side and speculative interest will be minimal, he said.

The Korean won, the Asian currency worst impacted by the market39;s ongoing reassessment of the U.S. Federal Reserve39;s rate hike path, lead the recovery against the dollar on Thursday.

It was up 0.8 while others rose 0.2 to 0.3. The dollar index declined slightly.

The Fed minutes released overnight noted that almost all participants preferred a 25 basis points bps hike at the Jan. 31Feb. 1 Fed meeting, and a few would have liked a 50 bps hike.

However, the minutes did not have a significant impact on Asian currencies, as they were considered outdated. Since the Fed39;s February meeting, there has been a series of data points on inflation and economic activity that surprised the market.

Weve already been hearing from some Fed officials that they may be open to up the size of the rate hikes and that a higher terminal rate may be needed, Scotiabank said in a note.

Risk appetite in…