Pakistan, June 16 -- The Iranian rial recorded a notable appreciation following the reported US-Iran agreement, with strong trading activity observed in currency markets as investors responded to easing geopolitical tensions.

According to the Exchange Companies Association, around 25 billion rupees worth of Iranian rials were sold on the first day after the deal, reflecting unusually high market activity. Currency dealers reported a sharp rise in demand as sentiment improved following news of the agreement between Washington and Tehran.

Market data showed that the value of 10 million Iranian rials increased by approximately 1,500 rupees within a single day. As a result, 10 million rials were being traded at around 4,000 rupees, indicati...