The ASX dropped 11.2 points, or 0.14 per cent, to close at 8,240.7 on Wednesday. -AAP Image
The Australian share market has recorded a seventh day of losses out of the last eight sessions - even as domestic monthly inflation figures came in slightly under expectations, bolstering expectations for another rate cut.
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The benchmark S&P/ASX200 index on Wednesday dropped 11.2 points, or 0.14 per cent, to 8,240.7, while the broader All Ordinaries fell 20.7 points, or 0.24 per cent, to 8,477.3.
In currency, the Australian dollar was buying 63.24 US cents, from 63.55 US cents at 5pm AEDT on Monday.
