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EM ASIA FX-Asia FX edges up as recession talk abates

* Thai baht slips after poor data

* Rupee set for best month of gains since Nov 2018

(Adds text, updates prices)

By Nikhil Nainan

March 26 (Reuters) - Most Asian currencies were in positive

territory on Tuesday but sentiment remained fragile as investors

reassessed risks to global economic growth, while the baht

slipped after poor data.

Global markets recoiled on Monday in the wake of an

inversion in the U.S. Treasury yield curve, which has signalled

a recession in the past.

The U.S. dollar rebounded modestly against the yen on

Tuesday as Treasury yields pulled back from 15-month

lows.

While regional currencies saw marginal gains, ING cited

several reasons for further optimism.

In a note, ING Chief Economist for Asia-Pacific Robert

Carnell cited a dollar off its highs for the year, the U.S.

Federal Reserve's dovish shift in policy, and the "moderately

positive" outlook for talks to end a U.S.-China trade war.

South Korea's won was the best performer, up 0.2

percent to 1,132 per dollar.

India's rupee strengthened to 68.815 per dollar, on

track for its best month of gains since November last year.

Mizuho Bank said in a note it expected India's current

account deficit for the fourth quarter due this week to decline

significantly, reflecting a sharp drop in crude oil prices since

late last year.

While a decline in the deficit could support the rupee,

Mizuho said oil prices have since bounced off their lows and are

trending upward, which would limit a sustained deficit

reduction.

Elsewhere, Indonesia's rupiah and the Philippine peso

gained 0.1 percent each.

BAHT GIVES UP MARGINAL GAINS AFTER DATA

The Thai baht weakened 0.2 percent to 31.63, after

factory output data for February unexpectedly dropped 1.6

percent, compared to a Reuters poll forecasting a 0.5 percent

rise.

The unit, which gained on Monday, was thrown into disarray

after two opposition parties alleged cheating in the country's

first election since a military coup in 2014.

The results remained unclear after the Election Commission

said the winners of the remaining 150 lower house seats may be

announced only on Friday, while a final announcement is expected

on May 9.

"Yesterday's inconclusive Thai election results are likely

to remain a focus while we await the apportioning of the 150

party seats," ING said.

CURRENCIES VS U.S. DOLLAR

Change on the day at 0441 GMT

Currency Latest bid Previous day Pct Move

Japan yen 110.080 109.95 -0.12

Sing dlr 1.349 1.3497 +0.02

Taiwan dlr 30.830 30.830 +0.00

Korean won 1132.000 1134.2 +0.19

Baht 31.630 31.58 -0.16

Peso 52.410 52.46 +0.10

Rupiah 14160.000 14175 +0.11

Rupee 68.815 68.93 +0.17

Ringgit 4.064 4.067 +0.07

Yuan 6.709 6.7090 0.00

Change so far in 2019

Currency Latest bid End 2018 Pct Move

Japan yen 110.080 109.56 -0.47

Sing dlr 1.349 1.3627 +0.99

Taiwan dlr 30.830 30.733 -0.31

Korean won 1132.000 1115.70 -1.44

Baht 31.630 32.55 +2.91

Peso 52.410 52.47 +0.11

Rupiah 14160.000 14375 +1.52

Rupee 68.815 69.77 +1.39

Ringgit 4.064 4.1300 +1.62

Yuan 6.709 6.8730 +2.44

(Reporting by Nikhil Kurian Nainan in Bengaluru; editing by

Darren Schuettler)