Aust stocks close flat

Local market closes flat amid low volumes across Asia, with RBA minutes revealing a lack of urgency for another rate cut.

Investors sat on the fence to send the Australian stock market to a flat finish for the second straight session, amid subdued trade across Asian markets, with minutes from the Reserve Bank of Australia taking traders by surprise in their lack of urgency on another rate cut.

The market stopped just short of reaching the 5000 level as investors confined trade to a narrow range and failed to find direction.

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