MUMBAI, April 11 Reuters The Indian rupee is likely to open little changed to the U.S. currency on Tuesday, with traders assessing the outlook for U.S. yields and keeping a watch on importers39; demand for the greenback.

The nondeliverable forwards indicate the rupee will open at around 81.98. That is the same as the close on Monday when the currency reached an intraday high of 81.78 before easing due to, what traders said was, demand from oil marketing companies.

Another 0.4 monthonmonth figure on core CPI consumer price index more than double the rate required over time to take the U.S. back to the 2 yearonyear inflation rate target could nudge expectations for the upcoming Fed meeting higher, ING Bank said in a note.

The 2year U.S. yield is hovering just shy of the 4 level.

The odds of a Fed rate hike have increased after the U.S. jobs data on Friday. Futures are now pricing in a near 70 chance of a 25 basis points hike.

Further, investors are pricing in rate cuts from July onwards, contrary to U.S. policymakers39; indications.

Fed New York President John Williams said market expectations are not a notable issue for him right now.

KEY INDICATORS

Onemonth nondeliverable rupee forward at 82.08; onshore onemonth forward premium at 13 paisa

USDINR NSE April futures settled on Monday at 82.0650

USDINR April forward premium at 6.5 paisa

Dollar index inches lower to 102.36

Brent crude futures up 0.6 at 84.6 per barrel

Tenyear U.S. note yield at 3.4

SGX…