India Cash Reserve Ratio: 4%

The Aussie maintained its strong momentum post-RBA decision and traded firmer above 0.7250 levels. As widely expected the RBA left its cash rate unchanged at record low 2% at its policy meeting this Tuesday. NZD/USD also remained strongly bid in Asia above 0.66 handle while the yen fought back control versus its American counterpart, sending USD/JPY below 123.00.