Australian shares are set to fall at open on Tuesday, likely dragged down by mining stocks ahead of the Reserve Bank of Australia’s decision later in the day, when the central bank is expected to deliver a 25-basis-point rate cut.

The local share price index futures (YAPcm1) fell 0.5%, a 63.3-point discount to the underlying S&P/ASX 200 index XJO close. The benchmark closed 0.2% lower on Monday.

New Zealand’s benchmark S&P/NZX 50 index NZ50G inched 0.1% higher in early trade.