The leu closed at 4.4715/4.4735 per euro, from 4.4815/4.4835 per euro Tuesday.

The local currency opened flat against the euro, but started to appreciate shortly after, in a quiet session.

The central bank set the leu’s reference rate at 4.4751 to the euro, modestly stronger on the day. Against the US dollar, the leu’s indicative depreciated marginally to 3.3504 units, from 3.349 units Tuesday.

In the money market, overnight rates were at 1.3%-1.8% a year, down from 1.4%-1.9% a year in the previous session.

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