Aust stocks close lower

Local bourse pares early losses but still in red following RBA growth downgrade.

The Australian share market has closed half a per cent lower after the Reserve Bank of Australia downgraded its economic growth forecast.

At the official market close of 1615 AEDT, the benchmark S&P/ASX200 index fell 0.39% to 5,400.7 points, while the broader All Ordinaries index also retreated 0.39% to 5,394.4 points.


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