* Graphic: World FX rates http://tmsnrt.rs/2egbfVh
* Graphic: Foreign flows into Asian stocks https://tmsnrt.rs/3f2vwbA
* Indian rupee hits highest since March 3
* Indonesia's rupiah falls after three days of gains
Sept 1 (Reuters) - Philippine stocks sank to their lowest level in almost a month on Tuesday, lagging broader Asian markets, as rising coronavirus cases hit manufacturing activity and pushed the country to extend curbs in and around the capital Manila.
Partial restrictions will be in place for another month starting Tuesday, President Rodrigo Duterte said on Monday, adding to pressure on business activity as data showed August manufacturing PMI had dropped to its lowest in three months. benchmark index .PSI slid 1.4%, while the peso PHP= was flat.
"I suspect the PMI data has something to do with the PSEi's performance today," said Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines, saying the trough in manufacturing was due to the strict quarantine measures in place at the start of August.
In contrast, the Indian rupee INR=IN rose to a near six-month high and the stock market .NSEI advanced 0.6% after the country's central bank laid out measures to stabilize the financial system after a record economic contraction in the June quarter. Reserve Bank of India's measures include two more tranches of special open market operations (OMOs) and easing of held-to-maturity (HTM) limits for bond holdings by banks.
"The biggest announcement which reduced the market's apprehension about absorption of supply was increase in limit for banks for holding bonds in HTM category," said Abhishek Goenka, founder and CEO of Mumbai-based trading firm IFA Global.
"This would increase the appetite for bonds of banks, nationalized banks in particular."
South Korean shares .KS11 rallied 1% after Asia's fourth-biggest economy unveiled plans to ramp up spending in the next few years to combat pandemic-induced economic weakness.
Currencies across the region broadly benefited from robust Chinese factory activity data and weakness in the U.S. dollar, although Indonesia's rupiah IDR= was an outlier with a 0.2% dip. inflation puts more pressure on Indonesia's central bank to cut interest rates further, potentially reducing the return of one of foreign investors' favourite Asia currency carry trades and weakening the attraction of the rupiah.
** Singapore's 10-year benchmark yield is down 3.7 basis points at 0.982%
Asia stock indexes and currencies at 0717 GMT
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