MUMBAI, Dec 7 Reuters The Indian rupee is expected to decline at open on Thursday as poor risk appetite fuelled demand for the safehaven U.S. dollar.

Nondeliverable forwards indicate the rupee will open at around 83.3583.36 to the dollar compared with 83.3250 in the previous session.

Brent crude plunged nearly 4 on Wednesday to fall below 75 per barrel, the lowest since lateJune. Demand concerns have prompted a near 10 decline in Brent so far this month.

Meanwhile, Indian equities have seen inflows of more than 3 billion in December, data by National Securities Depository shows.

Looks like yesterday39;s bit of a relief for the rupee will not last. And this is despite another round of selloff on oil and the kind of flows we are seeing, a forex trader at a bank said.

If we are still talking of supports and resistances on USDINR, then that lies at 83.20 and 83.40.

U.S. equities pulled back overnight and futures on the SP 500 Index inched lower in Asia. Japan and Hong Kong led Asian shares lower while the Korean won and the Indonesian rupiah paced the decline in Asia FX.

The dollar index rose for the third straight day on Wednesday. This was despite soft U.S. economic data prompting a further fall in U.S. bond yields.

The 10year U.S. Treasury yield dropped to 4.10 after U.S. private payrolls rose less than expected.

The data indicated a deceleration in hiring momentum in the U.S., ANZ said in a note.

The focus is now squarely on the November labour market report…