MUMBAI (Reuters) - India gold fell back nearly a percent on Thursday afternoon following similar trend in global markets, where a firm dollar weighed on the yellow metal, however a weaker rupee capped the downside at home, analysts said. * At 1:13 p.m., the most-active gold for October delivery on the Multi Commodity Exchange (MCX) was 0.81 percent lower at 27,914 rupees per 10 grams, after falling to a low of 27,860 rupees. * Global spot gold slipped under the weight of a rallying dollar, after falling more than 1 percent in the previous session when the U.S. Federal Reserve announced its plan to load up long-term securities and offered a grim economic outlook. * A softer rupee kept physical buying on a weaker, making the dollar-quoted yellow metal expensive for local traders. The rupee plays an important role in determining the landed cost of the yellow metal. * "Buying is zero.... rupee has depreciated by more than 1 percent," said Haresh Acharya, manager of bullion desk at Parker Bullion in Ahmedabad. * The rupee fell 1 percent to its lowest in more than two years, tracking weak local shares, after the dollar climbed to a seven-month high against major currencies, and traders said they were watching the central bank for support. (Reporting by Siddesh Mayenkar; Editing by Harish Nambiar)

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