Indian rupee slightly up as shares seen rising

MUMBAI, July 7 (Reuters) - The Indian rupee opened marginally higher on Monday on expectations that Indian shares would rise following the lead of Asian shares, which could help curb outflow of foreign funds.

* At 9:20 a.m., the partially convertible rupee <INR=IN> was at 43.09/10 per dollar, compared with Friday's close of 43.15/16. It hit a 15-month low of 43.50 last week.

* But high oil prices could limit gains. Oil CLc1, India's biggest import, was trading below $144 a barrel, close to a record high hit on Thursday. [O/R]. (Reporting by V. Ramakrishnan; Editing by Prem Udayabhanu)