The leu’s exchange rate fell to 4.417 to the euro, 0.5% weaker from 4.394 to the euro in the previous session.

Against the US dollar, the leu’s indicative dropped 1.3% to 3.4088 units.

The leu opened down at 4.396/4.4025 per euro, from 4.3915/4.393 per euro at Friday close. It further depreciated, trading near 4.42 versus the euro in the first half of the day.

In the money market, overnight rates were flat at 1%-1.5% a year, amid excess liquidity.