 "Rupee leads Asia forex slide on profit-taking")
The rupee led losses among emerging Asian currencies on Tuesday as investors took profits amid weaker regional stocks, while the South Korean won edged up with exporters lined up to buy it for month-end settlements.
The rupee fell as profit-booking hit local shares after Prime Minister Narendra Modi named his cabinet, including the finance minister Arun Jaitley.
The Philippine peso ended local trade weaker as investors covered short positions in the dollar.
The Singapore dollar fell as much as 0.2% to 1.2557 per US dollar, its weakest since May 2, on selling from hedge funds.
The city-state's currency may weaken to 1.2562, the 76.4% Fibonacci retracement of its appreciation between April and May. The next target would be 1.2567, a 55-day moving average.
The Malaysian ringgit eased on month-end corporate dollar demand and as some investors booked profits ahead of psychological resistance at 3.2000 to the greenback.
(Reporting by Jongwoo Cheon; Editing by Jacqueline Wong)
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