The leu opened at 4.458 per euro and traded in a narrow range during the day as investor appetite remained weak. Market participants said investors had no reaction to inflation or industrial production data.
Romanian consumer prices were roughly unchanged in March, held down by declining food prices, while the annual inflation eased for the fifth straight month to a fresh record low of 1.04%, from 1.05% a month earlier, the statistics institute said earlier today.
The institute also released data on the industrial production in February, which showed the adjusted output fell 1.3% on the month, but was up 9.1% from the year-earlier period.
The central bank set the leu’s reference at 4.4591 to the euro, 0.1% stronger on the day. Against the US dollar, the leu’s indicative won 0.6% to 3.2161 units.
In the money market, overnight rates were at 1.8%-2.3% a year.