Rupee edges higher U.S. jobs data disappoints

Rupee trading at 55.28/29 versus its previous close of 55.3550/3650 as weak U.S. jobs data post market hours on Friday raises expectations for more monetary stimulus by the Federal Reserve.

Euro drops versus the dollar but stays close to four-month highs reached after the weak U.S. data and the ECB's plans to help lower borrowing costs for the stressed member nations.

Nifty futures traded in Singapore are up 0.4 percent, suggesting a positive start to the local market. However, dollar demand from oil firms may help limit losses in the pair.

Traders expect the pair to hold in a 55.25 to 55.50 range during the session.