MUMBAI, Jan 29 (Reuters) - India gold traders continued their purchases on Friday (29 January) afternoon to replenish stocks for wedding demand, which will start in April, as rupee recovered from its early losses, making the dollar-quoted asset cheaper.

"The rupee is the main driver (for gold sales)... anything below 46.30 is good enough for them to buy, a lot of orders were triggered in late trade yesterday at $1,075 (an ounce)," said a dealer with a state-run bullion dealing bank in Mumbai.

At 2:36 p.m., the partially convertible rupee INR=IN was at 46.2625 per dollar, recovering in line with the domestic equity market.

It had fallen to 46.44 after the central bank raised the CRR by a more-than-expected 75 bps at its monetary policy review on Friday 29 January. It had closed at 46.35/36 on Thursday 28 January.

International spot gold XAU= was trading $1,082.55/1,083.35 an ounce as against the previous close of $1,086.75/1,087.55 an ounce.

"There are a lot of orders below $1,075," said another dealer with a private bank said.

"There is wholesale demand at $1,080, infact most of the investors are active rather than jewellery buyers," said Lokesh kumar Agarwal, chairman of Lucknow-based Brijwasi Bullions and jewellers Pvt. Ltd.