The leu closed at 4.4335/4.4355 per euro, from 4.4495/4.45 per euro Friday.
The local currency opened at 4.446/4.448 per euro and traded in narrow ranges in the first half of the session, amid a quiet market. In the afternoon, however, the leu appreciated to a high of 4.4325 to the euro.
The central bank set the leu’s reference at 4.4478 to the euro, slightly stronger on the day. Against the US dollar, the leu’s indicative weakened marginally to 3.2517 units, from 3.2513 units Friday.
In the money market, overnight rates inched down to 1.2%-1.7% a year, from 1.6%-2.1% a year in the previous day. The rates are well below the central bank’s key lending rate of 4.25% a year.