CLAIMS that the Reserve Bank of Australia today supported the dollar reversed the local market's earlier 3 per cent plunge. The benchmark S&P/ASX200 index closed down 11.1 points, or 0.26 per cent, at 4305.4 points, after falling to a low of 4175.7. The broader All Ordinaries index fell 16.6 points, or 0.38 per cent, to 4325.8 points. On the Sydney Futures Exchange, the June share price index contract was 23 points lower at 4293 on a volume of 59,834 contracts. MS Global head of CFDs Anthony Anderson said the Australian dollar had been supported by the RBA after yesterday falling to US80 cents. It was trading today at US83c.

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