Aussie shares fade after Reserve Bank's hawkish hold

Australian shares have taken a hit after the central bank hinted rates may be on hold for a while. (Steven Saphore/AAP PHOTOS)

Australia's share market has handed back early gains after the Reserve Bank hinted investors might have to wait longer for the next reduction in borrowing costs.

The benchmark S&P/ASX200 finished the day down 14 points, or 0.16 per cent, to 8,848.8, on Tuesday as the broader All Ordinaries slipped 12.6 points, or 0.14 per cent, to 9,135.9.