The ASX200 has finished 0.7 per cent lower after the Reserve Bank of Australia cut rates. -AAP Image
The local share market has closed in the red for a second straight day, with the losses accelerating after the Reserve Bank cut interest rates for the first time in four years - while warning it might not do so again for while.
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The benchmark S&P/ASX200 index on Tuesday finished 56.1 points lower at 8,481.0, a loss of 0.66 per cent, while the broader All Ordinaries dropped 55.2 points, or 0.63 per cent, to 8,756.7.
The Australian dollar was buying 63.57 US cents, from 63.60 US cents at 5pm on Monday.
