The currency closed at 4.528/4.529 to the euro, versus 4.5275/4.529 to the euro Friday.
It had opened slightly up at 4.525/4.527 per euro, but further retreated and hit an early low of 4.53 per euro. It later recovered part of the lost ground, and market participants believe the central bank might have stepped in to prop the leu.
The central bank set the leu’s reference at 4.5219 against the euro, marginally stronger from 4.522 per euro Friday. Against the US dollar, the leu’s indicative was set at 3.5565 units.
In the money market, overnight rates were flat at 5.2%-5.7% a year.