MUMBAI, June 1 Reuters The Indian rupee is expected to open higher on Thursday, supported by wagers of a U.S. Federal Reserve pause next week and the much higherthanexpected local GDP print.

Nondeliverable forwards indicate rupee will open at around 82.6482.66 to the U.S. dollar compared with 82.7225 in the previous session.

India39;s economic growth accelerated to 6.1 in the March quarter, data out on Wednesday showed, much higher than the 5 reading expected by economists polled by Reuters.

The data will definitely not hurt the recent revival that has been witnessed on the equity portfolio flows side, a salesperson at a bank said.

It looks like a slow downward drift to 82.50 on USDINR pair is highly likely.

Meanwhile, expectations regarding what the Fed will do next week changed following comments by two policymakers who prefer not raising rates next week.

Fed Governor and vice chair nominee Philip Jefferson said skipping a rate hike at a coming meeting would allow the Fed to see more data before making decisions on additional policy firming.

Philadelphia Fed President Fed Harker said he was increasingly in the camp of thinking that we really should skip.

The key message is that more time is probably needed to assess incoming data, DBS Research said in a note. We agree. Having delivered one of the most aggressive hikes in history, it is probably more prudent to take things slow.

The probability of a rate hike next week dropped to near 1in3 from about 2in3,…