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AAP
AAP
Business
Derek Rose

Shares drop to six-week low as RBA leaves rates on hold

The Reserve Bank has indicated interest rates might not be moving anytime soon. (James Gourley/AAP PHOTOS)

The local share market has dropped to a six-week low after the Reserve Bank kept interest rates unchanged and suggested it was in no hurry to adjust them in either direction.

The benchmark S&P/ASX200 index on Tuesday fell for the fifth time in the past six sessions, dropping 81.1 points, or 0.91 per cent, to 8,813.7, while the broader All Ordinaries slid 84.3 points, or 0.92 per cent, to 9,098.2.

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