Rial Gains, Currencies Slip in Tehran

Foreign currencies pulled back on Tuesday in Tehran after weeks amid declining expectations arising from long-awaited positive political developments. 
The dollar dipped further after losing the critical support level of 300,000 rials a day before. It settled at 295,500 rials at the close of trading session in Tehran’s free market – down 3,000 rials or more than 1% on the previous session. 
The rial gained ground as currency prices for forward deals dropped on Monday amid positive news and a sense of guarded optimism about the outcome of negotiations in Vienna to restore Iran’s 2015 nuclear deal.