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The Australian share market has closed up slightly, having given up some of its gains following the Reserve Bank’s decision to keep rates on hold for a record 33rd month.

The benchmark S&P/ASX200 index fell 30 points in the five minutes after the RBA’s decision to close up 12 points, or 0.19 per cent, to 6295.7 points at 1615 AEST on Tuesday. The broader All Ordinaries was up 13.6 points, or 0.21 per cent, to 6,383.5.

The Aussie dollar had the opposite reaction, spiking against the US dollar. It was buying 70.36 US cents, from 69.91 US cents on Monday.