The rate is about 0.3% weaker than Monday’s reference of 4.4232 per euro.

However, the leu gained little ground against the US dollar, with the exchange rate set at 3.3905 units, from 3.3933 units the day before.

The leu opened at 4.425/4.427 to the euro, little changed from 4.426/4.429 to the euro at Monday close.

The local currency stayed around the opening levels in the first hour, when transferred volumes were very low, according to banking dealers. It later entered a downward path and traded at 4.4365/4.4385 to the euro at around 13:00 local time (GMT1000).

On the money market, overnight rates rose to 4%-4.5% a year, from 3.3%-3.8% a year Monday.