Business And Markets

Currencies Rally for 3rd Day

Currencies Rally for 3rd Day
Currencies Rally for 3rd Day

Foreign exchange rates gained against the rial for the third straight day contrary to expectations about further decline and the prospects of a stronger rial following optimisms about ease of economic sanctions with the change of government in the United States.  
On Tuesday the US dollar gained 3.97% and fetched 277,000 rials in Tehran's free market. Bank-affiliated exchange bureaus tagged the greenback at 271,000 rials.  
The euro jumped 5.23% from 314,500 rials the day earlier to 331,880 rials. Melli Exchange, affiliated to Bank Melli Iran, quoted the European currency at 310,500 rials. 


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