The leu closed at 4.391/4.393 per euro, slightly weaker from 4.3875/4.3888 per euro Tuesday.
The local currency opened at around 4.393 to the euro and traded in narrow ranges during the day, amid average volumes.
Market participants said investors are waiting for the official results on Electrica’s IPO, which could be Romania’s largest public offering to date. The subscriptions made by foreign investors could have an influence on the leu/euro spot market.
The central bank set the leu’s reference rate at 4.3944 per euro, slightly weaker on the day. Against the US dollar, the leu’s indicative lost 0.2% on the day to 3.2302 units.
In the money market, overnight rates were at 2.5%-3% a year, up from 1.5%-2% a year Tuesday.