No Relief in Sight for Battered Rial

After a brief hiatus on Monday, forex rates climbed again on Tuesday in Tehran’s unofficial market.   
The US dollar drew closer to 320,000 rials at midday and was traded at 319,500 rials, more than 1.3% or 4,200 rials higher on the session before.   
The greenback hit an historic high of 322,000 rials in October 2020 and seems poised to repeat the crushing record. Referring to past patterns, market experts say the American currency could soar after breaking past the historic resistance level.