ASX 200 Closed in Red Ahead of RBA Policy Announcement .The Australian share market closed marginally lower on Monday as investors turned cautious ahead of Reserve Bank of Australia’s (RBA) policy announcement due tomorrow. Resmed Inc (ASX:RMD) shares were top losers on ASX, down 5% at close, after sleep treatment-focused medical device company announced its third quarter update, which fell short of expectations. The company reported revenue of US$768.8 million, down 0.1% over the same period last year. The operating profit was up 3% at US$223.4 million for Resmed Inc.
Caravel Minerals shares fall over 3.334% after the company said it had received commitments to raise A$7.5 million via a share placement. The company will issue 27,777,778 million new fully paid, ordinary shares at an offer price of AU$0.27 apiece. Crude oil prices slid on Monday, from six-week high of the last week, due to lockdowns in India and Brazil in the wake of the rising coronavirus cases. Brent oil futures for the July delivery was up 0.41% at US$66.93 per barrel, while WTI crude oil futures for the June delivery traded 0.28% higher at US$63.73 per barrel.