The leu closed at 4.3965/4.3985 per euro, from 4.389/4.391 per euro Friday.

It had opened flat on the day, but depreciated modestly during early trading hours and traded near 4.4 to the euro for most of the session.

The central bank set the leu’s reference at 4.3994 versus the euro, weaker from an eight-week high of 4.3886 per euro in the previous session. Against the US dollar, the leu’s indicative lost 0.25% on the day to 3.3111 units.

In the money market, overnight rates were at 4.3%-4.8% a year, versus 4%-4.5% a year Friday.

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