BUZZ-Aussie benchmark on track for third day of gains as rate cut bets ramp up** Australia's benchmark ASX 200 index .AXJO rises as much as 0.3% to 8,567.3 points, its highest level since February 14
** Index now 42.1 pips below record high of 8,615.2 points
** Most sectors in the green, with heavyweight mining subindex adding the most with a 0.5% gain
** Lynas Rare Earths LYC.AX among top gainers of AXJO constituents, up as much 8.1% to hit highest since April 22
** Markets ramped up bets on further monetary easing in July after data released on Wednesday showed soft economic growth .AX
** AXJO up 4.9% YTD, including current session's moves
(Reporting by Nikita Maria Jino in Bengaluru)
((Nikita.Jino@thomsonreuters.com;))
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