mumbai july 13 reuters  the indian rupee is poised to rise on thursday on expectations that cooling inflation in the united states will allow the federal reserve to pause interest rate hikes soon nondeliverable forwards indicate the rupee will open at around 828205 to the us dollar compared with 822475 in the previous session the local currency has now almost recouped all the losses it suffered last week having talked of an upside breakout for usdinr last week this has been quite a turnaround a fx trader said we are now back to discussing whether the 81708180 is the floor the reserve bank of india has likely been buying dollars at around the 81708180 level through public sector banks prompting interbank to reckon that usdinr will not fall below that level the dollar index tumbled to their lowest in more than a year and us yields dropped after data showed that us inflation slowed at a fasterthanexpected pace us consumer prices registered their smallest annual increase in more than two years with headline cpi rising 02 last month compared to 03 expected core cpi increased 02 in the month the first time in six months that it did not post a monthly increase of at least 04 the largerthanexpected slowdown in the us inflation fuelled expectations that the us federal reserve is close to halting rate hikes the federal reserve seems intent on pushing ahead with a july rate hike but the need for additional tightening thereafter is questionable ing bank said in a note futures show that investors do not see the fed hiking rates after july asian currencies rallied with the korean won the indonesian rupiah and the malaysian ringgit up 07 to 11 asian shares rose and us equity futures added to the overnight advance key indicators  onemonth nondeliverable rupee forward at 8210 onshore onemonth forward premium at 8 paise  usdinr nse july futures settled on wed at 823275  usdinr july forward premium at 475 paise  dollar index at 10050  brent crude futures up 04 at 804 per barrel  tenyear us note yield at 386  as per nsdl data foreign investors bought a net 1784mln worth of indian shares on jul 11  nsdl data shows foreign investors bought a net 391mln worth of indian bonds on jul 11