Wall Street to open flat after data; oil pares losses
Wall Street was set to open little changed on Friday, the last trading day of the quarter, as oil prices pared losses and investors assessed a set of key economic data.
Reuters Market Eye - Rupee extends gains for a third session, pair at 54.75/77 versus 54.8350/8450 close on Wednesday.
Dealers say strong capital inflows continue to support the rupee with inflows into stocks having topped $24 billion so far in 2012, with over $4 billion in December alone.
Month-end oil related dollar demand may offer some support to pair, dealers say.
Pair has immediate support at 54.65, which offered good resistance on way up, followed by stronger support at 54.50.
BENGALURU/MUMBAI A drop in gold prices prompted consumers to buy the precious metal, ahead of festivals in India, the wedding season and China's long National Day holidays, boosting demand in Asia.
NEW YORK Unocoin, a Bangalore-based bitcoin startup, has raised $1.5 million in funding from a mix of Indian and U.S. investors, the company announced on Thursday.