MUMBAI, Feb 22 Reuters The Indian rupee will open higher on Thursday, tracking most Asian peers on upbeat risk, following which it is expected to run into dollar bids from importers.

Nondeliverable forwards indicate the rupee will open at around 82.9282.94 to the U.S. dollar, compared with 82.97 in the previous session. The domestic currency rose to 82.8650 on Wednesday before finishing at the day39;s low.

Public sector banks were buyers of dollars, which a few market participants said was for the Reserve Bank of India while others said it was for their importer clients.

Whatever it may be, its evident that dips in USDINR are finding good buyers, an FX trader at a bank said.

The back and forth around the welldefined range of 82.8083.30 will just continue, he said.

Asian currencies were mostly higher on Wednesday, while the dollar index hovered just below 104. Asian shares advanced and U.S. equity futures jumped after chip designer Nvidia39;s firstquarter revenue topped expectations.

Meanwhile, the minutes of the Federal Reserve39;s January meeting alongside weakerthanexpected bond auction pushed U.S. Treasury yields higher.

The bulk of policymakers at the Fed39;s latest meeting were concerned about the risks of cutting interest rates too soon, with broad uncertainty about how long borrowing costs should remain at their current level, the minutes showed.

The odds of a Fed rate cut at the May meeting are less than 30 and a March rate cut has been priced out. The…