MUMBAI, Nov 14 (Reuters) - Indian gold futures moved up on Friday on firm oil and weak rupee, analysts said. "A recovery in crude oil prices is supporting the market," said Debjyoti Chatterjee, associate vice president, MAPE ADMISI Commodity Research. Oil extended gains above $58 on Friday after climbing almost 4 percent the previous day, as a recovery in Asian equity markets countered increasing signs of a global recession and slowing demand. See [ID:nSP378570] Gold generally moves in tandem with crude oil as the latter signals inflation, while the metal negates it. A weak rupee also boosted the sentiment, said Devarsh Vakil, head of research, Anagram Capital Ltd. The Indian rupee was unable on Friday to mount a recovery from its sharpest one-day fall in more than 12 years as it was weighed down by expectations of rate cuts and the stock market losing some of its early momentum. See [ID:nBOM97564] India imports most of its gold. A weak rupee makes imports costlier and pushes up domestic prices. In macro-economic reports, traders would be closely watching U.S. import and export prices and retail sales data for further direction of bullion, Chatterjee said. Open interest for December gold on MCX was at 9,193 lots, down from 9,364 in the previous session. Volume on Thursday was 36.1 kg.

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