Indian rupee up slightly as Asian stocks rise

MUMBAI, June 19 (Reuters) - The Indian rupee rose marginally on Friday, after hitting one-month lows in the previous session, as local shares are expected to gain, helped by positive cues from regional stocks.

* At 9:05 a.m., the partially convertible rupee INR=IN was at 48.16/17 per dollar, compared with Thursday's close of 48.21/22.

* Foreigners have been net buyers of more than $7.5 billion of stocks since mid-March, a key factor that has helped the rupee rise 8.3 percent from its record low of 52.2 in early March. (Reporting by V. Ramakrishnan; Editing by Sunil Nair)