Rupee gains at open on broad dollar decline

Reuters Market Eye - The rupee trading at 56.77/78 versus its close of 56.84/85 on Thursday tracking broad losses in the dollar versus majors and Asian currencies ahead of U.S. jobs data due later in the day.

The U.S. dollar nursed heavy losses early in Asia, having suffered its biggest one-day decline in three years against the yen as the market waited for the U.S. jobs report to gauge the health of the world's biggest economy.

All Asian currencies stronger versus the dollar. The Sensex was trading 50 points down as of 9:42 a.m.

Sentiment for the rupee, however, broadly remains bearish on current account deficit concerns. Traders will be watchful of any central bank intervention if the USD/INR pair tries to breach the 57 mark.

(Reporting by Swati Bhat)