MUMBAI (Reuters) - India's gold rose by over 1 percent on Monday buoyed by international markets and a weak rupee, analysts said. Overseas gold recouped some of last week's late losses early on Monday as the dollar weakened and oil rose, nudging bullion up 1 percent. "The bias is slightly bullish in gold," said Gnanasekar Thiagarajan, director at Commtrendz Research. Buying was recommended at 12,785 rupees with a target of 12,935 rupees and a stop loss of 12,738 rupees, Thiagarajan added. A weaker rupee made the dollar-quoted yellow metal expensive. The Indian rupee weakened early on Monday, with traders awaiting the stock market to open for cues on foreign fund flows. MCX gold is expected to rally from current levels and trade in the range of 12,750-12,900 rupees, said Debjyoti Chatterjee, associate vice president at MAPE ADMISI Commodities. Open interest for Feb gold on MCX was at 13,795 lots, up from 13,558 a day earlier. Volume on Saturday was 1.35 kg.

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