Aust stocks close stronger

Local market extends gains after RBA hints interest rates could fall if needed.

The Australian sharemarket closed stronger today after Reserve Bank governor Glenn Stevens jawboned the Australian dollar and hinted that interest rates could fall further if necessary.

At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index added 35.8 points, or 0.66%, to 5,491.2 points, while the broader All Ordinaries index gained 37.8 points, or 0.69%, to 5,479.5 points.

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