Aust stocks close higher

Rally in financials lifts the market as RBA says falling dollar should boost business.

The Australian stock market closed higher today after a rally in financial stocks and a pleasing full-year report from retailer David Jones.

At the 1615 AEST official market close, the benchmark S&P/ASX200 index rose 0.8% to 5,275.9 points, while the broader All Ordinaries index added 0.78% to 5,270.1 points.

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