Rial Stems Losses

The rial pares some more of its losses against the US dollar on Tuesday amid a noticeable intervention by the Central Bank of Iran. 
The dollar dropped to 217,000 rials in the middle of the trading session in Tehran’s free market, down from 227,000 rials a session earlier to register a 4% drop. 
The greenback had lost more than 8% on Monday after touching an all-time high of 260,000 rials on Sunday.