Indian rupee seen up from 13-mth low on stocks

MUMBAI, May 16 (Reuters) - The Indian rupee could edge away from 13-month lows on Friday on expectations of fund inflows into the stock market, which rose more than 2 percent on Thursday and and is seen rising again on gains in Asian markets.

* Oil CLc1, India's biggest import, was trading below $125 a barrel, after touching a record $126.98 earlier this week. Traders expect demand for dollars from oil importers and worries about growth and inflation will check the rupee's gains.

* The rupee <INR=IN> ended at 42.75/76 per dollar on Thursday, the weakest since April 13, 2007, according to Reuters data and about 0.7 percent lower than Wednesday's close of 42.45/46. (Reporting by V. Ramakrishnan; Editing by John Mair)