The rupee is expected to edge lower early on Friday, weighed by likely equity outflows and demand for dollars from oil importers.
* Inflation data due around noon (0630 GMT) will be watched for cues on the likely stance of the central bank, which reviews policy on Oct. 25. Most people have been expecting a 25 basis points increase in key rates.
* The wholesale price index probably rose 9.70 percent in September from a year earlier, easing slightly from 9.78 percent in August, a Reuters poll showed.
* Traders forecast the rupee to trade in a 49.10 to 49.50 band against the dollar for the day.
* The partially convertible currency had ended 0.3 percent weaker on Thursday at 49.12/13, a day after it posted its biggest single session rise in 10 months.
* At 0245 GMT, the MSCI index of Asian stocks ex-Japan was down 0.8 percent while the Nifty India stock futures traded in Singapore were 0.1 percent lower, suggesting a flat to weaker open for the local market.
* The euro edged lower in Asia on Friday after S&P cut Spain's ratings, but it still remained on track for the biggest weekly rally since January.
* The euro was trading at $1.3753, compared with $1.3737 when the rupee closed on Thursday. The index of the dollar against six major currencies was at 77.135 points, below 77.204 points on Thursday.
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