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CAIRO – Saudi riyal recovered in spot and forward foreign exchange markets during the early trading days on Tuesday against the US dollar.
The riyal recovered on the spot market, after a low of 3.7526 against the US dollar on Monday, to 3.7514. The riyal is linked to $ 3.75 and all movements outside 3.7498 to 3.7503 are rare.
On the one-year futures market, the dollar fell to 50 points against the riyal – and returned to the range of the past months – from the 100-point high on Monday.
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