EM ASIA FX-Asian currencies fall on global worries, dollar strength

(Fixes formatting on Eikon in 6th paragraph)

* Indian rupee weakens 0.6 pct, leads losses

* Jump in oil prices puts pressure on rupee, rupiah and peso

* India's inflation data due later in day

By Aditya Soni

Nov 12 (Reuters) - Asian currencies started the week lower

on Monday as concerns about global growth coupled with U.S.

Federal Reserve's hawkish stance hit risk-sensitive assets and

boosted the U.S. dollar.

Last week, the Fed reaffirmed its plan to raise interest

rates by 25 basis points in December, followed by two more

potential rate hikes by mid-2019 on the back of an upbeat

economy and rising wage pressures.

The dollar, which has also benefited from safe haven bid,

added to previous week's gains and its index against other major

currencies rose towards a 16-month high on Monday.

Aggregate rate differentials are still holding up in favour

the dollar, with slight risk aversion providing an additional

tail wind, said OCBC Bank in a note.

The Indian rupee, the worst performing Asian

currency this year, led losses. The rupee weakened by 0.6

percent as a more than one percent jump in oil prices put the

currency under pressure.

The rupee had enjoyed some relief during a 20 percent slide

in crude prices since early October, but a one percent jump in

prices on Monday after top exporter Saudi Arabia announced a cut

in supply for December put the Indian currency on the back foot

again.

Higher oil prices threaten to spur India's inflation and

fiscal deficit. India's October inflation is scheduled to be

released later on Monday.

A Reuters poll of economists showed inflation in October was

likely to have moderated to its slowest pace in 12-months after

food and fuel costs fell, keeping the inflation rate below the

central bank's 4 percent medium-term target for a third

consecutive month.

Higher oil prices also weighed on other major importers,

with the Indonesian rupiah and Philippine peso

dipping 0.4 percent each.

The export-dependent Korean won declined 0.5

percent, in line with the country's KOSPI stock index

which traded 0.3 percent lower.

The Chinese yuan extended losses, after its worst

week since July as soft economic data last week showed signs of

falling producer inflation and slowing domestic demand in the

face of a bitter trade war with the United States.

The country's Premier Li Keqiang said on Monday Beijing will

further open up its economy in the face of rising protectionism,

as he headed for meetings with Asia-Pacific leaders in Singapore

that are expected to focus on trade tensions.

China is the biggest trade partner for several regional

economies and any slowdown would hurt them.

Among other Asian currencies, the Thai Baht

weakened 0.3 percent, while the Malaysian ringgit ticked down

0.1 percent.

The following table shows rates for Asian currencies against

the dollar at 0541 GMT.

CURRENCIES VS U.S. DOLLAR

Currency Latest bid Previous day Pct Move

Japan yen 114.010 113.82 -0.17

Sing dlr 1.380 1.3789 -0.05

Taiwan dlr 30.833 30.812 -0.07

Korean won 1134.200 1128.3 -0.52

Baht 33.100 33.01 -0.27

Peso 53.220 53.011 -0.39

Rupiah 14740.000 14680 -0.41

Rupee 72.940 72.49 -0.62

Ringgit 4.184 4.178 -0.14

Yuan 6.963 6.9560 -0.10

Change so far in 2018

Currency Latest bid End 2017 Pct Move

Japan yen 114.010 112.67 -1.18

Sing dlr 1.380 1.3373 -3.07

Taiwan dlr 30.833 29.848 -3.19

Korean won 1134.200 1070.50 -5.62

Baht 33.100 32.58 -1.57

Peso 53.220 49.977 -6.09

Rupiah 14740.000 13565 -7.97

Rupee 72.940 63.87 -12.43

Ringgit 4.184 4.0440 -3.35

Yuan 6.963 6.5069 -6.55

(Reporting by Aditya Soni in Bengaluru; Editing by Simon

Cameron-Moore)