MUMBAI, Dec 22 Reuters The Indian rupee is expected to open higher on Friday after a recovery in U.S. equities dampened the demand for the safe haven dollar.

Nondeliverable forwards indicate the rupee will open at around 83.2083.22 to the U.S. dollar, compared with the previous session39;s closing at 83.2775.

U.S. equities recovered from Wednesday39;s selloff, with the SP 500 climbing a percent. The dollar index made a low of 101.73 in the New York session, a level not seen since midAugust.

Asian currencies were up 0.10.4 and shares rose.

An opening uptick in the rupee, alongside Asia, is all that may happen, a FX trader at a bank said.

USDINR is back to being well bid on dips and difficult to see much of a drop below 83.20, he said.

The USDINR pair ran into consistent buying interest on Thursday, due to oil companies seeking dollars.

The dollar index was not helped by the U.S. GDP expanding at a slower pace than was expected in the third quarter. Thirdquarter U.S. GDP growth was revised down to 4.9 from 5.2. Economists polled by Reuters had anticipated that GDP growth would be unrevised.

USDINR could again stay in a range for a few more days. The next important data point is the US PCE inflation, said Srinivas Puni, managing director at QuantArt Market Solutions.

The core U.S. PCE Personal Consumption Expenditures data due later in the day is the Federal Reserve39;s preferred inflation gauge. Economists polled by Reuters expect a0.2 monthonmonth rise in core PCE…