MUMBAI, Nov 10 (Reuters) - India copper futures edged lower on Tuesday weighed by demand concerns, rising inventories in the London Metal Exchange and a higher dollar overseas, analysts said. The most traded November copper MCCX9 was 0.66 percent lower at 302.35 rupees per kg at 6:55 p.m., after hitting a high of 305.6 rupees earlier. Copper consumption in China, the world's top user of the metal, usually enters a relatively quiet season in the second half of November. LME copper stocks have been rising for six consecutive sessions, and climbed by 3,900 tonnes to 389,475 tonnes on Monday, the highest since early May. But that is still 29 percent lower than this year's peak of over 545,600 tonnes in February. MCU-STOCKS The dollar edged up, reversing some of its recent losses but staying close to a 15-month low against a currency basket, while sterling fell sharply after a warning on the UK from ratings agency Fitch. [USD/] "Rising inventories along with a strong dollar is weighing on prices," said Pranav Mer, an analyst with India Infoline. Mer expects copper to trade in the range of 303-296 rupees. "The bias is on the downside, selling could be initiated at 302 rupees, with a target of 298/295 and with a stop loss of 305 rupees," said Navneet Damani, an analyst with Anand Rathi Commodities. In other base metals, November zinc MZIX9 was 0.85 percent lower at 99.45 rupees per kg, while lead for November delivery MLDX9 was 0.48 percent up at 105.25 rupees per kg at 6:56 p.m. (Reporting by Siddesh Mayenkar; Editing by Harish Nambiar)

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