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Global Markets | Australian shares fall as RBA rate hike hits financials, miners

Australian shares saw a slight dip on Tuesday. The Reserve Bank of Australia increased its cash rate by 25 basis points. This move was anticipated by markets. Inflation remains a concern due to rising oil prices. The central bank also lowered its economic growth forecast. Financial and mining stocks experienced declines. Energy and technology sectors showed gains.

Source :- Markets-Economic Times Read More

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