The exchange rate touched a higher rate of 4.5252 versus the euro on July 12.
Against the US dollar, the leu’s indicative gained 1.12% on the day to 3.6582 units.
The national currency lost around 4.4% versus the euro in July, amid political tensions after the president was impeached by Parliament. Although the president survived a referendum on his impeachment due to low turnout, the country’s top court has delayed an official ruling in the matter until August 31, thus prolonging the political crisis.
The leu recovered half of its loss against the euro in the last two sessions, but market participants believe the leu’s appreciation was due to repeated interventions from the central bank.
The leu opened at 4.5650/4.5670 per euro Tuesday, higher from 4.5715/4.574 per euro at Monday close. It further gained ground and hit an intraday high of 4.535 to the euro.
In the money market, overnight rates were slightly up at 5.1%-5.6% a year, from 4.8%-5.3% a year in the previous day, amid declining liquidity.
The central bank Monday has capped the amount offered to commercial banks through its repurchase agreement facility for the first time in almost four years. It has injected RON6 billion into the market, half of amount requested by lenders.