The leu closed at 4.4950/4.4990 to the euro, weaker from 4.485/4.487 to the euro at Friday’s closing.
It had opened at 4.4800/4.4850 per euro and further lost ground .
The central bank set the leu’s reference at 4.4939 units, about 0.2% weaker on the day. Against the US dollar, the leu’s reference weakened 0.4% to 3.6404 units, from 3.6250 units Friday.
In the money market, overnight rates increased to 4.85%-5.35% a year, from 4.73%-5.23% a year Friday.
Romania’s central bank has capped the amount offered at its weekly repurchase operations for a third consecutive time Monday. Today’s repo was capped at RON4 billion (EUR890 million), lower than the RON5 billion and, respectively, RON6 billion ceilings imposed in the past two weeks. The central bank bought treasuries from 13 lenders and will sell them back August 27.