MUMBAI, June 28 Reuters The Indian rupee barely changed to the dollar on Wednesday, unable to break away from the narrow range that has persisted over recent sessions, while premiums retreated.

The rupee was at 82.0050 to the U.S. dollar by 1048 a.m. IST, compared with 82.0250 in the previous session. The currency has been holding around the 82 handle through this week.

Over the past eight trading sessions, USDINR has been remarkably calm on an intraday basis, with the daily price range now less than 10 paise, said Anindya Banerjee, head of research FX and interest rates at Kotak Securities.

Banerjee reckons 81.90 and 82.20 are the nearterm support and resistance level for USDINR.

The rupee was unmoved by the decline in most Asian currencies following U.S. data that suggested more Federal Reserve rate hikes were likely.

New orders for U.S.manufactured capital goods unexpectedly rose in May, data which analysts said, point towards robust investment demand. Meanwhile, a measure of U.S. consumer confidence rose in June to its highest level in almost oneandahalf years.

U.S. data resilience despite the most aggressive Fed tightening in 40 years is one of the quirks of today39;s market, DBS Research said in a note.

It does not look like the U.S. is slipping into a recession any time soon.

U.S. yields rose and equities rallied. Tracking the move higher on U.S. yields, rupee forward premiums pulled back from onemonth highs. The 1year USDINR implied yield was down to…