India, July 15 -- The U.S. dollar advanced against its major counterparts in the New York session on Tuesday, following the release of hotter-than-expected inflation data for June.
The CPI increased 0.3 percent on the month, in line with forecasts.
The CPI rose 2.7 percent year-over-year in June, following an increase of 2.4 percent in May. Economists had expected the CPI to rise to 2.6 percent.
On a monthly basis, core inflation edged up to 0.2 percent from 0.1 percent. The reading came in below estimates of a 0.3 percent rise.
Core CPI rose 2.9 percent year-over-year, up from 2.8 percent in May.
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The greenback climbed to near a 3-week high of 1.1592 ...