MUMBAI, May 3 Reuters The Indian rupee is expected to march higher at open on Friday, like its Asian peers, fuelled by the drop in U.S. Treasury yields before the U.S jobs report.

Nondeliverable forwards indicate the rupee will open at 83.35 to the U.S. dollar, compared with its close of 83.47 in the previous session.

The dollarrupee has been very bid lately and let39;s see whether that changes in view of the dollar dump, an FX trader at a bank said.

You could very well have it that dip on dollarrupee at open will not run. Today will be a good day to gauge the extent of underlying actual dollar demand.

The Korean won climbed 0.8 and the Indonesian rupiah advanced 0.6, leading Asia higher.

The offshore Chinese yuan, at 7.1824 to the U.S. dollar, was at its highest in nearly two months, while the Japanese yen was poised for its best week in oneandahalf years amid central bank intervention.

The dollar index dipped, extending losses amid a fall in U.S. Treasury yields. The 2year yield was at 4.88, off 16 basis points of this week39;s high.

Federal Reserve Chair Jerome Powell39;s pushback on a rate hike, at the postpolicy presser, has been largely responsible for the drop in U.S. yields and the dollar. The odds of a September Fed rate cut rose following Powell39;s comments.

Powell39;s comments suggest that the USD is likely to be on the back foot in the very near term, HSBC said in a note.

The focus now is the April U.S. jobs report, due later in the day. Economists…