MUMBAI, Feb 27 (Reuters) - India has not imported any gold so far in February as high prices dampened demand in the world’s largest market for the metal, the head of a leading trade body said on Friday.

“Zero. There are no reports (of imports) so far,” said Suresh Hundia, president of the Bombay Bullion Association.

India, which annually buys 500-700 tonnes of gold, had imported 23 tonnes in last February.

Prices in India have hit record highs over the past few weeks, partly reflecting a sharp depreciation in the value of the rupee that has made dollar-priced gold costlier.

The rupee INR=IN hit an all-time low of 51 per dollar on Friday, taking losses this year to 4.5 percent. The currency had fallen 19.1 percent in 2008.

For a gold market report, see [ID:nBOM371223] (Reporting by Ruchira Singh; Editing by Ranjit Gangadharan)