Dollar at 11-Week High

Foreign exchange rates continued to rise on Tuesday with the  dollar crossing the 25,000-rial range -- the highest in 11 weeks.
The dollar was sold at 251,300 rials in Tehran's open market, up 1.55% compared to Monday when it bought 247,500 rials after rising 1.37%, Eghtesadnews reported.
The dollar uptrend started in late May. It has jumped 7.4% in  four weeks. The euro also posted an increase of 1.2% or 3,570 rials and was quoted at 297,709 rials. The UAE dirham ended  the day slightly higher and was worth 69,000 rials, up 1.15%.
Market analysts say concern over the outcome of ongoing diplomatic efforts in Vienna to salvage the Iran nuclear deal has pushed up forex rates in recent weeks.