Forex rates gain in Tehran market

Financial Tribune – Foreign exchange rates gained on the Tehran currency market on Sunday for the first time after a period of stability with the dollar again crossing the resistance level of 140,000 rials. In late afternoon, the greenback traded at 144,000 rials. The euro changed hands for 166,000 rials, up from the previous day’s 159,000 rials.

Uptick in currency demand for pilgrims going to Iraq for the Arbaeen rituals to mark the 40th day of Imam Hussein’s martyrdom is a norm at this time of the year.