* Graphic: World FX rates tmsnrt.rs/2RBWI5E * Indonesia benchmark bond yields up ~38 bps this week * Rupiah may stay subdued for a while - DBS analyst * S. Korea shares, won rebound to close up * Indian currency markets shut By Anushka Trivedi Feb 19 (Reuters) - The Indonesian rupiah hit a three-week low on Friday as investors dumped the country"s bonds after an interest rate cut amid a dour economic outlook and rising U.S. yields, while most Asian stocks and currencies were headed for a weekly loss. Benchmark U.S. Treasury yields returned to a near one-year high hit earlier this week, putting pressure on riskier Asian stocks and currencies across the board. A subdued greenback failed to lift the Thai baht , the Malaysian ringgit and Singapore"s dollar as they traded flat to lower on the day. Their respective stock exchanges, and were on track to shed 0.5% to 1.5% for the week. The rupiah fell 0.4%, off about 1.6% from its Tuesday"s high, as a crippling COVID-19 infection wave led Bank Indonesia (BI) to trim rates by 25 basis points (bps) the previous day and downgrade its economic growth forecast for 2021. Indonesia"s bonds, favoured by foreign investors for their high yields, also suffered the brunt of rising U.S. yields and in turn pressured the rupiah. "Markets are looking past BI"s rate cut and are focusing on the uptick in U.S. Treasury yields," said Wei Liang Chang, a macro strategist at DBS Bank. "With equity risk appetite softening and U.S. yields staying firm, the rupiah could stay on the back foot, with sentiment further dampening after BI trimmed its growth expectations for the year." Indonesian 10-year benchmark yields were up 9.1 basis points to 6.624%, their highest since early November. The yields have jumped about 38 bps so far this week. A bright spot in markets, South Korea"s stocks and won rebounded to close higher as the government mulled a fifth round of COVID-19 cash handouts. Indian currency markets were closed for a holiday, while shares fell 0.3% on profit-taking in lenders. HIGHLIGHTS ** Rupiah ends about 0.6% weaker for the week ** Top losers on the Singapore STI include: Jardine Matheson Holdings Ltd down 3.9% and Keppel DC REIT down 2.4% ** In the Philippines, top index gainers are: Aboitiz Equity Ventures Inc up 3.8% and Ayala Corp up 3.1% Asia stock indexes and currencies at 0746 GMT COUNTRY FX RIC FX DAILY % FX YTD % INDEX STOCKS DAILY % STOCKS YTD % Japan +0.05 -2.24 -0.72 9.38 China +0.38 +0.99 0.57 6.42 India 0.00 +0.57 -0.35 7.76 Indonesia -0.39 -0.18 0.33 4.04 Malaysia -0.07 -0.57 0.22 -2.95 Philippines -0.02 -0.89 1.12 -2.99 S.Korea +0.15 -1.78 0.68 8.15 Singapore +0.03 -0.35 -0.99 1.28 Taiwan +1.35 +1.90 -0.51 10.92 Thailand +0.03 -0.13 -0.82 3.41 (Reporting by Anushka Trivedi in Bengaluru; Editing by Krishna Chandra Eluri)