The leu opened flat versus the euro, but further depreciated, tracking the currencies in the region. It ranged from a high of 4.388 per euro and a low of 4.405 per euro.
Elsewhere in the region Tuesday afternoon, the leu’s peers were losing up to 0.65% versus the euro.
The Romanian central bank set the leu’s reference at 4.3955 to the euro, 0.2% weaker from 4.3873 per euro Monday. Against the US dollar, the leu’s indicative lost 0.22% to 3.2711 units.
In the money market, overnight rates fell to 1.3%-1.8% a year, from 1.7%-2.2% a year Monday.