Currency Rises, Gold Slips

Foreign exchange rates increased for the third consecutive session on Monday with the dollar quoted as high as 258,500 rials in Tehran open market.
The domestic bullion market however, was down in the early hours of trade following the steep decline in the price of the precious metal in international markets. It later pared some of the loss after the spike in forex rates.
The greenback retreated from its high in the middle of the trade and closed at 258,000 rials, up 800 rials or more than 0.3% compared to the session earlier.