Jan 30 (Reuters) - India's equity benchmarks are likely to open little changed on Friday as optimism over upbeat commentary on the economy in the government's economic survey is offset by a weak rupee, persistent foreign fund outflows and higher oil prices.

Gift Nifty futures were trading at 25,405 points as of 7:51 a.m. IST, indicating the benchmark Nifty 50 index will open near Thursday's close of 25,418.9.

The economic survey projected India's economy to grow between 6.8% and 7.2% in the fiscal year starting April on the back of strong domestic demand.

Investors now await the federal budget scheduled to be tabled in the parliament by the country's Finance Minister Nirmala Sitharaman on Sunday. Markets will operate in a special Sunday session.

The 50-stock index has risen 1.5% in three sessions this week, supported by a landmark trade deal between India and the European Union.

Meanwhile, crude oil prices surged to a five-month high on Thursday on rising concerns that global supplies could be disrupted if the U.S. attacks Iran, one of OPEC's biggest crude producers.

Higher oil prices are detrimental for countries like India, that import most of their requirement, as they risk stoking higher fiscal deficits, currency weakness and increased costs for companies. The rupee touched a new record low against the U.S. dollar this week.

Foreign investors offloaded Indian shares worth 3.94 billion rupees ($42.88 million) on Thursday, provisional data showed. They have sold about $4 billion worth of Indian equities in January.

STOCKS TO WATCH

** Consumer goods conglomerate ITC reports a 10% fall in quarterly profit, hurt by higher raw material costs and a one-time charge tied to the country's new labour codes

** Delivery platform Swiggy posts a smaller sequential loss in the December quarter, and reiterates its aim to hit a key profitbaility metric in the first quarter of fiscal 2027

** Top commercial vehicle maker Tata Motors' quarterly profit tumbles about 60%, hurt by one-time charges related to demerger costs and new labour codes, while revenue grew 20% on tax-cut-driven demand

** Fintech firm Paytm beat profit expectations for the third quarter, helped by robust growth in its financial and payments services segments

($1 = 91.8840 Indian rupees)

(Reporting by Vivek Kumar M; Editing by Ronojoy Mazumdar)