India, July 8 -- The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, as the Reserve Bank of Australia (RBA) kept the door open for additional monetary policy tightening, if necessary, to bring inflation back to the central bank's target.
The RBA Assistant Governor Sarah Hunter stated that the central bank will take necessary action to bring inflation back to target, even if there hasn't been a noticeable slowdown in economic activity as a result of the current oil shock.
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