MUMBAI, Jan 25 Reuters The Indian rupee was barely changed on Thursday, tracking rangebound moves in most of its Asian peers as focus turns to key U.S. economic data which could impact expectations of potential easing in policy rates by the Federal Reserve.

The rupee was at 83.1125 against the U.S. dollar as of 930 a.m. IST, barely changed from its close at 83.1225 in the previous session.

The dollar index was largely steady near 103.3 and most Asian currencies were rangebound, save for the Indonesian rupiah which was down 0.4.

The 10year U.S. Treasury yield was slightly lower in Asia but had ticked up to 4.18 on Thursday, following data that signalled U.S. business activity had picked up in January.

The rupee is likely to continue moving in its narrow 10paisa intraday range, with potential downside likely capped near 83.20, a foreign exchange trader at a staterun bank said.

There could be marginal speculative buildup heading into U.S. data releases but overall interest is muted given the mostly stable price action, the trader added.

The rupee has hovered in a tight band between 83.0575 and 83.18 over the past five trading sessions.

U.S. GDP data for the OctoberDecember quarter is due later in the day, followed by personal consumption expenditure PCE inflation data on Friday.

Indian markets are shut on Friday on account of a local holiday.

Economists polled by Reuters expect a GDP growth print of 2, down from 4.9 in the previous quarter.

The broad outlook on…