The leu opened slightly higher at 4.085 per euro and further gained ground, hitting an early high of 4.0775 to the euro. It later reversed trend, amid low appetite from investors.
Romanian central bank set the leu’s reference at 4.0842 per euro, modestly stronger on the day.
On the money market, overnight rates fell to 2.7%-3.2% a year, from 2.9%-3.4% a year Tuesday.