India, Oct. 28 -- The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, as the Reserve Bank of New Zealand or the RBNZ unexpected interest rate weighed on the currency.
The Reserve Bank of New Zealand unexpectedly retained its key interest rate after two consecutive rate hikes and signaled tighter policy ahead.
The Monetary Policy Committee, governed by Anna Breman voted 4-3 to hold the Official Cash Rate at 2.75 percent, defying market expectations for a 25-basis point hike.
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