* U.S. inflation data in focus
* India's rupee hits fresh record low
* Taiwan dlr, South Korean won weaken the most
* Singapre dollar gains ahead of c.bank meeting
(Adds text, updates prices)
By Nikhil Nainan
Oct 11 (Reuters) - Most Asian currencies were driven lower
by a global sell-off in equities with the dollar also
surprisingly losing ground, while safe-havens like the Japanese
yen and U.S. debt received support.
U.S. Treasury yields cooled overnight after Wall Street
suffered its worst drubbing in eight months as investors sought
safer bets, sucking funds out of emerging markets.
Rising U.S. yields have put pressure on China's yuan
as the protracted trade tussle between Beijing and
Washington show no signs of easing, with the yuan weakening 0.1
percent to 6.932 a dollar on the day.
The U.S. dollar, often seen as a safe bet in times of
uncertainty, lost ground as investors awaited U.S. inflation
figures that are expected to show prices rising at a slower
pace, potentially softening the Fed's hawkish stance.
Currencies of export-focused economies such as South Korea's
won and Taiwanese dollar fell the most
against the greenback, down 0.9 percent and 0.5 percent,
Taiwan's stock market fell about 6 percent, while
its South Korean counterpart's benchmark index was 3.4
The sinking rupee hit yet another record low in
early trade, but steadied to 74.390 by late morning.
The bearishness toward the rupee mirrored sentiment on the
broader NSE share index, which slumped as much as 3
percent to its lowest since April this year.
Even oil prices falling to two-week lows failed to provide
support for the rupee, with expectations growing that Asia's
worst performing currency may touch 75 to the dollar.
Traders said intermittent dollar selling by the central bank
had prevented a sharper fall in the rupee.
SINGAPORE DOLLAR FIRMS AHEAD OF C.BANK MEET
As losses mounted across the currency space, the
city-state's dollar strengthened 0.1 percent to 1.382,
ahead of a key policy meeting on Friday while also gaining
support from a weaker greenback.
A small majority of analysts in Reuters poll released on
Sept. 28 expect the Monetary Authority of Singapore (MAS) to
tighten policy, as trade war worries weigh.
Mizuho bank, in a note, said "the knee-jerk SGD bump up from
MAS tightening may be short-lived and shallow, quickly
CURRENCIES VS U.S. DOLLAR
Change on the day at 0453 GMT
Currency Latest bid Previous day Pct Move
Japan yen 112.170 112.27 +0.09
Sing dlr 1.382 1.3832 +0.09
Taiwan dlr 31.117 30.968 -0.48
Korean won 1144.500 1134 -0.92
Baht 32.790 32.95 +0.49
Peso 54.240 54.13 -0.20
Rupiah 15260.000 15198 -0.41
Rupee 74.390 74.20 -0.26
Ringgit 4.158 4.1515 -0.16
Yuan 6.932 6.9240 -0.12
Change so far in 2018
Currency Latest bid End 2017 Pct Move
Japan yen 112.170 112.67 +0.45
Sing dlr 1.382 1.3373 -3.23
Taiwan dlr 31.117 29.848 -4.08
Korean won 1144.500 1070.50 -6.47
Baht 32.790 32.58 -0.64
Peso 54.240 49.977 -7.86
Rupiah 15260.000 13565 -11.11
Rupee 74.390 63.87 -14.14
Ringgit 4.158 4.0440 -2.74
Yuan 6.932 6.5069 -6.13
(Reporting by Nikhil Kurian Nainan and Sumeet Gaikwad in