The leu depreciated modestly to 4.4165/4.4185 per euro during the first hour, from 4.4145 to the euro at Monday close. It further moved in a tight range, touching an early high of 4.415 versus the euro and an early low of 4.42 per euro.
Monday, the central bank set the official exchange rate at 4.4085 per euro, down from 4.4006 per euro Friday.
Against the US dollar, the leu’s indicative depreciated to 3.4056 units, from 3.3964 units the previous day, the lowest level in the last 12 months.
In the money market Tuesday morning, overnight rates rose to 2.25%-3.5% a year, from 2%-2.5% a year Monday.