MUMBAI (Reuters) - India's gold extended losses on Friday taking a cue from the international markets but a weaker rupee kept the downside limited, analysts said. Gold should see further profit-booking till 12,700-rupees level on weak crude, Devarsh Vakil, manager, research, Anagram Capital in Ahmedabad. Overseas gold edged down on Friday, extending the previous day's losses as the dollar gained some ground against other major currencies after a sell-off on the latest U.S. interest rate cut. The rupee value against the dollar determines the landed cost as most of the metal is imported and paid for in the U.S. currency. The Indian rupee pulled back from a 1-½ month peak on Friday as investors sold following a weak opening on the stock market, but its fall was tempered by a pullback by the dollar against the yen. One can sell gold at around 12,890-12,900 with a target of 12,800 with a strict stop loss of 12,930 rupees said Pranav Mer, an analyst at India Infoline Commodities. Open interest for Feb gold on MCX was at 14,176 lots, down from 14,312 a day earlier. Volume on Friday was 61.06 kgs.

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