The leu closed at 4.393/4.395 per euro, from 4.398/4.4 per euro Wednesday.
The local currency opened at 4.3935 to the euro and moved between an intraday low of 4.4 per euro and a high of 4.39 per euro. Trading volume picked up in the second half of the session, probably fueled by hedging transactions following an accelerated bookbuild offering of Romgaz shares and GDRs.
Romanian investment fund Fondul Proprietatea (FP.RO) Tuesday raised 644.6 million lei ($198.6 million) from selling a stake of 4.99% in state-run natural gas producer Romgaz Medias (SNG.RO).
The central bank set the leu’s reference at 4.397 versus the euro, 0.16% stronger on the day. Against the US dollar, the leu’s indicative won 0.7% to 3.2243 units.
In the money market, overnight rates were at 0.3%-0.8% a year.