Business And Markets

Currency, Gold Edge Higher

Currency, Gold Edge Higher
Currency, Gold Edge Higher

In wake of the rising trend that started last week, the US dollar crossed above the critical 250,000 rials on Tuesday in Tehran’s open market.
The greenback was quoted at 251,200 rials, 0.6% or 1,200 rials higher.  It has climbed almost 2.5% on last Tuesday when it bought 245,000 rials.
Likewise the euro fetched 296,000 rials to rise more than 0.3% and the UK pound sterling gained 0.44% and changed hands at 346,222 rials. The UAE dirham dropped by 0.72% or 500 rials to buy 68,900 rials.
Increase in currency rates in the border areas in the west and east of the country is seen as one of driving forces behind the upsurge, according to the Persian-language economic website Eqtesad News.


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