MUMBAI, Nov 9 Reuters The Indian rupee traded in a narrow band and closed littlechanged on Thursday as likely intervention from the Reserve Bank of India limited losses in the currency.

The rupee ended at 83.28 against the U.S. dollar, compared with its close at 83.2725 in the previous session. It remained in a tight range between 83.26 and 83.29 during the day39;s session.

The RBI likely sold U.S. dollars near 83.28 levels to prevent further losses in the local unit, three traders said.

The Indian currency has failed to benefit from a fall in U.S. yields and crude oil prices as local dollar demand stayed strong. On the flip side, routine interventions from the RBI have kept a lid on depreciation.

It39;s only a matter of time till you see a sizeable move, a foreign exchange trader at a private bank said, referring to the rupee39;s quiet run over the last few weeks.

The rupee has been rangebound between 83 and 83.2950 since the last week of September.

Asian currencies weakened slightly, while the dollar index was little changed at 105.6. Brent crude oil futures last quoted higher at 80.35 but have declined about 8 in November so far.

The sentiment has turned a bit positive for the rupee but it is unlikely to benefit sharply in the near term, said Arnob Biswas, head of foreign exchange research at SMC Global Securities.

Meanwhile, rupee forward premiums fell across tenors. The oneyear implied yield fell to 1.54, its lowest since earlyJuly, and near forwards were…