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The Economic Times
The Economic Times
Business

Global Markets | Australian stocks rebound from 7-week low as RBA minutes hint at near-term rate pause

United States RBA Reserve Bank of Australia

Australian shares rebounded from a near seven-week low on Tuesday after minutes from the Reserve Bank of Australia signalled a wait-and-watch approach following three interest rate hikes this year.

The benchmark S&P/ASX 200 index rose 1.2% to 8,604.70 points after a 1.5% drop ‌on Monday.

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