EM ASIA FX-Rupee hits record low, Bank Indonesia supports rupiah as oil prices weigh

* EM Asia trades flat on a dearth of cues

* Indian rupee breaches 73 to the dollar

* Further rupiah weakening spurs Central Bank intervention

(Adds details on rupee, context, updates prices)

By Ambar Warrick

Oct 3 (Reuters) - The Indian rupee opened at a record low on

Wednesday and further weakening in Indonesia's embattled rupiah

prompted central bank intervention as an overnight spike in oil

prices weighed heavily on the currencies.

The rupee and the rupiah are highly exposed to fluctuations

in oil prices, because Indonesia and India import most of their

oil requirements.

Oil prices were steady after hitting a four-year high on

Tuesday.

The rupiah's drop prompted the Bank of Indonesia to

intervene in the local currency market, deputy governor Dody

Budi Waluyo told Reuters.

The rupiah lost as much as 0.3 percent and stood at a more

than 20-year low of 15,090.

The rupee shed as much as 0.6 percent to the dollar and hit

a record low of 73.390. A plunge in the rupee had also spurred

mild central bank intervention last month.

Indonesia's finance minister said on Tuesday that the

economy was adjusting "quite well" to higher U.S. interest rates

and the fall of the rupiah, asserting that many of its economic

indicators were good.

Most other Asian currencies traded in a tight range on

Wednesday in the absence of major cues.

Investors shied away from taking large positions ahead of

crucial non-farm payroll data from the United States later this

week, which is seen as foreshadowing the U.S. Federal Reserve's

policy tightening measures.

"There isn't really too much happening that's pushing

volatility. There may be some concerns as to trade war impacts

on Asia. We're still in a period of consolidation this week

ahead of the non-farm payrolls," said Chang, Wei Liang, FX

strategist at Mizuho Bank.

The Singapore dollar inched lower against the dollar.

The currency is a stalwart for investors in times of volatility,

and as such has held most of its value, unlike some of its

peers.

A Reuters poll of economists found that the Singapore

Monetary Authority is seen as likely to tighten policy again in

October, albeit modestly, as policy makers worry about fallout

from Sino-U.S. trade tensions.

Such a tightening is expected to benefit the Singapore

dollar.

The Taiwan dollar was largely flat, while the Thai

baht and the Philippine peso edged up.

Chinese markets have been closed all week for national

holidays. South Korea's markets were also closed on Wednesday.

The following table shows rates for Asian currencies against

the dollar at 0438 GMT:

CURRENCIES VS U.S. DOLLAR

Change on the day

Currency Latest bid Previous day Pct Move

Japan yen 113.650 113.66 +0.01

Sing dlr 1.374 1.3729 -0.07

Taiwan dlr 30.667 30.668 0.00

Baht 32.330 32.36 +0.09

Peso 54.200 54.25 +0.09

Rupiah 15070.000 15040 -0.20

Rupee 73.360 72.91 -0.61

Ringgit 4.137 4.14 +0.07

Change so far in 2018

Currency Latest bid End 2017 Pct Move

Japan yen 113.650 112.67 -0.86

Sing dlr 1.374 1.3373 -2.66

Taiwan dlr 30.667 29.848 -2.67

Korean won 1119.200 1070.50 -4.35

Baht 32.330 32.58 +0.77

Peso 54.200 49.93 -7.88

Rupiah 15070.000 13565 -9.99

Rupee 73.360 63.87 -12.94

Ringgit 4.137 4.0440 -2.25

Yuan 6.873 6.5069 -5.32

(Reporting by Ambar Warrick in Bengaluru)