The currency opened at 4.372/4.375 per euro, from 4.3715/4.3735 per euro at Monday close. It further depreciated, amid a negative sentiment in the region, and hit the day’s low of 4.38 to the euro in the second half of the day.
The currencies in the region retreated against the euro in the last couple of days after Hungary’s newly appointed central bank governor took steps to consolidate his power.
Romania’s central bank set the leu’s indicative at 4.3749 versus the euro, 0.2% weaker on the day. The leu fell against the US dollar as well and the indicative reached 3.3625 units, versus 3.3556 units in the previous session.
In the money market, overnight rates were at 4.5%-5% a year, slightly down on the day.