The leu closed at 4.3985/4.403 per euro, slightly lower from 4.3955/4.3985 per euro at Tuesday close.
The leu opened flat at 4.936 to the euro, but further lost ground, hitting an early low of 4.4126 per euro. At around 1:00 pm, the local currency traded at 4.405/4.408 against the euro.
The central bank set the leu’s a reference rate at 4.4063 units, from 4.3968 units a day earlier, the leu’s first depreciation beyond the 4.4 level in the past seven sessions. Against the US dollar, the leu’s indicative lost 0.2% on the day to 3.2361 units.
In the money market, overnight rates slightly rose to 1.88%-2.38% a year, from 1.75%-2.25% a year Tuesday.