RPT-OUTLOOK-India gold seen rising close to all-time highs

(Repeats story issued late on Monday)

By Ruchira Singh

MUMBAI, Sept 29 (Reuters) - India's gold futures are expected to rise this week and trade near all-time highs on safe haven buying in the global market and a weaker rupee locally, analysts said on Monday.

"There are doubts about the implementation and effectiveness of the U.S. bailout of its financial system... there are also fears Europe may get affected," said Amar Singh, head -- commodity research at Angel Commodities Broking Pvt Ltd.

"In this scenario, gold will be a winner."

Gold has rallied since a financial crisis struck U.S. institutions earlier this month, diverting funds away from stocks as investors turned to the safe haven appeal of the yellow metal.

In the local market, a weaker rupee against the dollar on month-end demand from importers and oil refineries made gold expensive as most of the yellow metal is imported and paid for in the U.S. currency.

Another analyst said a possibility of the dollar's fall against major international currencies could also support gold's rise.

"The dollar's rise overseas is overdone, there is a possibility it may soften giving gold a push up," said Devarsh Vakil, manager -- research at Anagram Capital Ltd.