MUMBAI, Oct 12 Reuters The Indian rupee on Thursday will be boosted by the pullback in oil prices and softer U.S. Treasury yields, while investors wait for the important U.S. inflation data due later in the day.

Nondeliverable forwards indicate rupee will open marginally higher than 83.1875 in the previous session.

Brent crude dipped in Asia to 85.40 per barrel, adding to Wednesday39;s 2 fall fuelled by the largerthanexpected rise in U.S. inventories.

Brent has surrendered a large part of the rally prompted by the military conflict in the Middle East and is now only about 1 higher than what it was prior to the crisis.

The relief on oil makes it all the more likely that we will not see an upside breakout on USDINR, a spot forex trader at a midsized private sector bank said.

Expect range of 83.1083.20 today before we see the U.S. and India inflation prints.

India39;s inflation data is due after market hours.

Meanwhile, headline U.S. consumer inflation index CPI is expected to rise 0.3 monthonmonth. The more critical core measure is forecast to increase at the same pace, according to economists polled by Reuters.

The data comes in the wake of investors pushing the probability of a rate hike by the Federal Reserve at the next meeting to less than 10.

Comments by Fed officials that the jump in long maturity U.S. yields may allow the central bank to not raise the policy rate more has impacted the outlook for the Oct. 31Nov. 1 meeting.

Data released on Wednesday…