The leu closed at 4.384/4.385 per euro, from 4.3845/4.3875 per euro Friday.
The currency opened at 4.377/4.38 to the euro and traded near 4.38 units for most of the day, with a brief invigorating period in the afternoon, when non-residential players bought domestic currency to finance their investment in state treasuries.
The Finance Ministry sold debt worth RON2.9 billion (EUR664 million) at two auctions Monday, well above the planned amount, as yields continued to decline.
The central bank set the leu’s reference at 4.3814 to the euro, slightly weaker from 4.3802 per euro in the previous session. However, the leu continued to gain ground versus the US dollar and the indicative rate reached 3.2761 units, the strongest level since March 28, 2012.
In the money market, overnight rates were at 5.6%-6.1% a year, little changed from 5.5%-6% a year Friday.