On Tuesday, the leu touched 4.4675 to the euro on foreign markets, but it recouped part of the losses this morning, as the central bank stepped into the market, the dealers said.
The leu opened at 4.43/4.433 to the euro, weaker than 4.4145/4.418 to the euro at Monday closing.
However, it soon started to gain ground, fueled by central bank interventions, according to dealers. At around 10:10 local time (GMT0710), the leu traded at 4.4155/4.4175 against the euro.
The central bank set Monday the leu’s reference rate at 4.397 per euro, an all-time low, as the local currency fell strongly in the past sessions after the parliament toppled the country’s government in a no-confidence vote Friday.
The bank holds a monetary policy board meeting, and the decisions are expected later today.
On the money market Wednesday morning, overnight rates rose to 4.75%-5.25% a year, from 4.1%-4.6% a year Monday.