Thursday, the leu closed at 4.507/4.5095 to the euro. The market was closed Friday for a national holiday.
The currency opened at 4.512/4.514 per euro and further lost ground, hitting the day’s low of 4.527 per euro in late trade.
The central bank set the leu’s reference at 4.5191 versus the euro, weaker from a two-month high of 4.5059 per euro in the previous session. Against the US dollar, the leu’s indicative strengthened modestly to 3.4666 units, versus 3.4687 units Thursday. The market was closed Friday for a national holiday.
In the money market Monday morning, overnight rates were flat at 6%-6.5% a year, amid liquidity shortage. The central bank capped its repurchasing operation for a ninth straight time Monday and kept the repo ceiling unchanged at RON4 billion (EUR0.88 million). Demand stood at RON29.45 billion.