mumbai july 31 reuters  the indian rupee will be looking to recover on monday tracking the move higher in asian peers on betterthanexpected china data nondeliverable forwards indicate the rupee will inch up to the us dollar at open from 822475 in the previous session the domestic currency on friday had its worst session in just under two months with asian currencies doing well to begin the week and risk holding up the rupee will be hoping for a mini recovery a forex trader at a bank said kunal kurani associate vice president at mecklai financial expects the usdinr in a range of 81808230 this week with moves in the chinese yuan and highimpact us data considered to be the important variables us ism manufacturing and services data is due this week alongside the private payrolls and nonfarm payrolls readings the data comes after federal reserve chair jerome powell left the door open for a rate hike at the september meeting investors however are not convinced that another hike will be needed data out on friday supported investor expectations that the fed rate hike cycle is over the us june quarter employment cost index rose 10 quarteronquarter compared with 12 pace in the januarymarch period the annual rate slowed to 45 from 48 the offshore yuan rose to 714 to the dollar helped by the china pmi reading and another daily fix by the countrys central bank that indicated support for the currency the peoples bank of china set the daily yuan midpoint at 71305 against 71524 estimated by reuters meanwhile while chinas manufacturing activity fell for a fourth straight month in july the reading was slightly better than what economists had expected key indicators  onemonth nondeliverable rupee forward at 8228 onshore onemonth forward premium at 75 paisa  usdinr nse august futures settled at 8228 on friday  usdinr forward premium at 725 paisa  dollar index at 10175  brent crude futures down 05 at 846 per barrel  tenyear us note yield at 398  as per nsdl data foreign investors sold a net 1524mln worth of indian shares on jul 27  nsdl data shows foreign investors bought a net 316mln worth of indian bonds on jul 27