Business And Markets

Dollar, Gold Retreat in Tehran


Foreign currencies lost more ground on Monday for the second day in a row after rallying for four consecutive sessions. 
The downturn soon extended to the domestic bullion market where prices were already distressed by the metal trade in the international market. 
The US dollar lost 2.2%, or 5,500 rials, to retreat to 254,500 rials in Tehran's open market on Monday. The greenback had gone as high as 263,000 rials last Wednesday. 


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