The leu closed at 4.2475/4.2495 against the euro, compared to 4.274/4.277 against the euro at Tuesday closing.
It opened virtually flat, hovering around 4.275 to the euro, and later gained ground, in sync with the other currencies in the region. It hit an early high of 4.247/4.249 to the euro and stayed around 4.25 units for the rest of the session.
Romanian’s central bank set the leu’s reference rate at 4.2609 per euro, from 4.2706 units in the previous day.
On the money market, overnight rates stayed flat at 5.8%-6.3% a year after the central bank boosted liquidity through a RON2.28 billion repurchase agreement operation, just a day after it injected RON3.2 billion in a similar procedure.