Indian rupee eases on stock fall, cbank eyed

* Rupee softens as stocks fall, importers buy oil

* Tuesday rate review to determine near-term rupee trend

* Blasts in IT hub Bangalore subdue sentiment (Updates to close)

By Saikat Chatterjee

MUMBAI, July 25 (Reuters) - The Indian rupee moved further from a two-month peak on Friday as steep losses in the stock market reignited worries foreign investors would sell more holdings against a backdrop of slowing growth.

News that seven small bombs had exploded in the south Indian IT city of Bangalore, killing one woman and wounding at least 15 people, also weighed on sentiment, although the rupee was already under pressure beforehand. [ID:ISL169128].

The partially convertible currency <INR=IN> ended at 42.26/27 per dollar, 0.3 percent weaker than Thursday's close of 42.13/14. It rose to 41.82 per dollar in intraday deals on Thursday, its highest since May 12.

For the week it ended up 1.2 percent but it is still 6.7 percent down for the year.

"Oil buying and the stock market fall weighed on the rupee today," said Patrick Aranha, head of treasury at Mizuho Corporate Bank in Mumbai.