Indian rupee eases as Asian shares fall

MUMBAI, July 25 (Reuters) - The Indian rupee eased on Friday on expectations local stocks could follow falls in Asian markets, which could prompt foreign funds to sell and increase dollar demand.

* At 9:06 a.m., the partially convertible rupee <INR=IN> was at 42.26/27 per dollar, lower than Thursday's close of 42.13/14.

* Foreigners have so far this year sold a net $6.6 billion worth of India stocks, a crucial factor in the rupee's 6.5 percent decline in 2008.

* Oil CLc1, India's biggest import, was trading above $125 per barrel, below the record high above $147 set earlier this month. See [O/R]. (Reporting by V. Ramakrishnan; Editing by Sunil Nair)