Australian dollar pares gains after RBA keeps rates steady

SYDNEY, March 4 (Reuters) - The Australian dollar AUD=D4 erased initial gains on Tuesday after the Reserve Bank of Australia (RBA) kept rates steady at a record low, as widely expected.

The Aussie eased to $0.8915, not far from a one-month low of $0.8891 touched on Monday. It briefly rose to a session high of $0.8970.

The RBA reiterated a stable rate outlook in its monthly policy statement.

(Reporting by Cecile Lefort; Editing by Jacqueline Wong)

((Cecile.Lefort@thomsonreuters.com)(+61 2 9373-1234)(Reuters Messaging: cecile.lefort.thomsonreuters@reuters.net))

Keywords: MARKETS AUSTRALIA/FOREX