India, July 7 -- The U.S. Dollar value inched higher as rising crude oil prices due to renewed Middle East tensions pushed up inflation concerns, indicating the possibility of a tighter monetary policy by the U.S. Federal Reserve while investors geared up for the minutes of the U.S. Federal Reserve's June month meeting to be released this week.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 101.09, down by 0.23 (or 0.23%) today.
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