published by: Admin
Forex Slips, Holds Back Gold
The rising trend in Tehran’s foreign exchange market bucked on Sunday along with gold prices.
After briefly touching 260,000 rials a session earlier, the dollar retreated Sunday dropping more than 1.4% or 3,600 rials to change hands at 256,200 rials in the open market.
The greenback gained more than 4% in the past ten days since the beginning of the current calendar month on July 21. The euro gave up 0.32% or 950 rials to stand at 304,260 rials.
Likewise, the UAE dirham was down 0.6% or 4,100 rials to buy 6,957 rials while the UK pound sterling gained 0.31% to reach 358,780 rials, according to Eqtesad News website.
Kindly share this story: