* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E
* BoT decision due around 0700 GMT
* Indonesia Q1 GDP -0.74%
* India cenbank announces support measures
* SG shares slump for fourth day
By Anushka Trivedi
May 5 (Reuters) - The Thai baht eased while shares tumbled almost 2% ahead of the central bank's policy review on Wednesday, while Indian equities jumped as the country's central bank announced measures for lenders and small businesses amid a devastating COVID-19 wave.
Trading volumes were thin due to holidays in major finance hubs China and Japan.
The baht THB=TH fell 0.2% and shares .SETI declined to their worst day in three-months on resuming trade after holidays this week as the trade-and-tourism-reliant economy battles a deadly wave of COVID-19 infections.
The Bank of Thailand (BoT) is expected to leave its key rate at a record low of 0.50%, with analysts widely forecasting no change to rates for the rest of the year but the central bank is expected to provide fiscal support measures such as buying government bonds. baht, already Asia's worst performing currency this year, is expected to remain weak in the coming months considering the pressure to its current account from a disruption to exports, Han Tan, market analyst at FXTM said.
"Ultimately, a weaker baht would serve as a tailwind once foreign tourism can be restored to bolster its economic recovery."
Financials lifted India's NSE Nifty 50 .NSEI 0.6% as the central bank Governor Shaktikanta Das, in an unscheduled address, said the Reserve Bank of India (RBI) has asked banks to provide fresh debt moratoriums to some small borrowers. in India have been hit hard by the new round of lockdowns over the past month to curb the spread of the virus just as many were inching back to normalcy from the nationwide lockdown last year.
The Indian rupee INR=IN was little changed at 73.84 per dollar.
The Indonesian rupiah IDR= pared early losses to trade flat as the Southeast Asia's largest economy reported a 0.74% contraction in the first-quarter, in line with forecasts and moderating from a sharper drop in the previous quarter. shares .STI lost 0.9%, slumping for fourth day as the city-state's COVID-19 crisis escalated on recording locally acquired cases of coronavirus variants which led to tighter curbs.
Financial markets in South Korea were shut due to a holiday.
** India 10-YR benchmark yield IN058530G=CC dips to 6.0062%
** Thailand's 10-year government bond yields are down 2 basis points at 1.65%
Asia stock indexes and currencies at 0433 GMT
FX DAILY FX YTD %
INDEX STOCKS DAILY % STOCKS YTD %
-2.51 Philippines PHP=
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