Against the US dollar, the leu’s indicative appreciated modestly to 3.3376 units, from 3.3394 units in the previous session.

The leu opened down at 4.375/4.379 per euro, from 4.371/4.372 per euro at Tuesday’s closing. It advanced modestly in early trade, with dealers suspecting a covert intervention from the central bank to prop the national currency.

On the money market, overnight rates fell slightly to 1.8%-2.3% a year, from 2%-2.5% a year Tuesday.