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Australian shares loose out after RBA cuts rate after four years

18-Feb-25 16:18 Hrs IST

Australian markets slipped for a second straight session as the Reserve Bank struck a note of caution after delivering its first rate cut in four years.

The benchmark S&P/ASX 200 dropped 0.66 percent to 8,481, dragged down by banks and energy stocks. The broader All Ordinaries index ended down 0.63 percent at 8,756.70.

The Reserve Bank of Australia lowered its benchmark rate for the first time since 2020 as upside risks to inflation eased but policymakers remained cautious about further easing.

The policy board of the RBA governed by Michele Bullock decided to reduce the cash rate target by 25 basis points to 4.10 percent.

This was the first reduction since November 2020 and follows 13 rate hikes since May 2022.

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Sr No	Start Date	Department	Tender Details	Status
1	18-02-2025	IT	RFP for Procurement of HP Hard Disk
			A. General Information
			B. Technical Bid
			C. Financial Bid
2	18-02-2025	IT	RFP for Procurement of HP Server
			A. General Information
			B. Technical Bid
			C. Financial Bid
3	07-12-2024	Administration	RFP for office premises on lease at Chennai	16-12-2024
			A. News Paper Article
			B. General Information
			C. Technical Bid
			D. Financial Bid
			E. Pre Bid Meeting Link
			F. Technical BID Meeting Link
			G. Financial BID Meeting Link
4	10-06-2024	IA	RFP for appointment of internal auditors for period April 2024 – March 2025	Active upto 21/06/2024 end of the day
			A. Request For Proposal
			B. Extension of RFP
5	10-06-2024	IA	RFP for appointment of internal auditors and Concurrent Audit for period April 2024 – March 2025	Active upto 21/06/2024 end of the day
6	22-11-2023	Compliance	Procurement of AML/PML software Solution - VC Meeting Link for opening of Tender Box on 22/11/2023 at 4.30 pm	Closed
7	16-10-2023	Compliance	RFP for Procurement of AML/PML software solution
	06-11-2023	Compliance	A. Addendum - Extension Period for procurement of AML/PML sofware solution
8	28-10-2024	IT	RFP for Procurement of Firewall	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
9	12-07-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch
			A. Newspaper Aricle
			B. General Information
			C. Technical Bid
			D. Financial Bid
10	07-07-2023	CS	RFP for Secretarial Audit
11	26-06-2023	IT	RFP for AMC of Online UPS system installed at IFINs Branch office	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
12	16-06-2023	IT	E-tender for engagement of annual system audit and cyber security audit agency	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
13	15-06-2023	IT	RFP for AMC of 30KVA Online UPS system	Closed
			A. General Information
			B. Technical Bid
			C. Financial Bid
14	30-05-2023	ADMIN	RFP for Premises on Lease for Ahmedabad Branch	Cancelled
			A. Newspaper Aricle
			B. General Information
			C. Technical Bid
			D. Financial Bid
			E. Extension of RFP
			F. Closure of RFP
15	24-05-2023	ADMIN	RFP for Premises on Lease for Salem Branch	Closed
			A. Newspaper Aricle
			B. General Information
			C. Technical Bid
			D. Financial Bid
16	24-04-2023	IA	Extension Of RFP iCOM IA for FY 2023-2024	Closed
17	25-04-2023	CS	Extension Of RFP for Seeking Quotations for Secretarial Audit Of IFIN Group for FY 2022-2023	Cancelled
			A. Status_of_RFP_for_secretarila_audit
18	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024	Closed
19	02-05-2023	IA	RFP For Appointment Of Internal Auditor for July 2023 - March 2024 for operations, accounts and control related activities.	Closed
20	24-04-2023	CS	RFP PCS Empannelment for ROC filing 2022-23	Closed
21	24-04-2023	IA	RFP For Appointment Of Internal Auditor iCOM 23-24	Closed
22	14-03-2023	IA	RFP for appointment of internal auditor in the iCOM	Closed
23	25-04-2023	CS	RFP For Secretarial Audit 22-23	Closed