The leu closed at 4.4465/4.449 per euro, from 4.4515/4.4525 per euro in the previous session.
The local currency opened at 4.45 to the euro and traded in narrow ranges throughout the day. It reached a high of 4.445 per euro and a low of 4.453 per euro in intraday trading.
The central bank set the leu’s reference at 4.4503 versus the euro, weaker from a four-month high of 4.4403 units Tuesday. Against the US dollar, the leu’s indicative lost 0.5% to 3.2194 units. Tuesday, the indicative appreciated to 3.2029 units, its strongest level since November 2011.
In the money market, overnight rates were at 3.4%-3.9% a year. The central bank injected 627.2 million lei (EUR140.9 million) in the market via a one-week repurchasing agreement operation Wednesday at an interest rate of 3.5%, equal to the monetary policy rate.