I have to imagine it's similar to fiberglass from a mold stand point? By unfinished, you mean cinderblock or poured cement?
Here's a link to what state of Minnesota says:
http://www.state.mn.us/mn/externalDocs/Commerce/Basements_110602012856_Basement.pdf
"A recommended interior insulation system
For dry interior basement walls, extruded poly- styrene insulation with a wall side vapor retarder is a recommended insulation system. This is intended for an extruded foam plastic insulation (extruded polystyrene, or equivalent with a similar water vapor permeability) and is designed to keep the insulation protected from exterior moisture sources. The rigid insulation will serve as its own partial vapor retarder (allowing drying of any absorbed moisture to the inside).
There are several steps for this interior insulation approach. See the Appendix at the end of this guide for important details. For insulating the rim joist, see sidebar “How to Insulate the Rim Joist.”