The local currency opened at 4.523 versus the euro and traded in narrow ranges during the first half of the day. During late trading hours, the leu depreciated to a low of 4.5325 to the euro.
The central bank set the leu’s reference rate at 4.526 per euro, stronger from 4.5366 per euro Monday. Against the US dollar, the leu’s indicative won 0.3% on the day to 3.3092 units.
In the money market, overnight rates were at 0.5%-1% a year.