The leu opened at 4.392/4.394 to the euro, stronger than 4.3965/4.3985 to the euro at Monday close.

It later lost some ground, on very low volumes, and traded at 4.395/4.396 to the euro by 10:00 local time (GMT0700).

The Romanian central bank set Monday the leu’s official exchange rate at 4.3994 per euro, off an eight-week high of 4.3886 per euro in the previous session.

On the money market Tuesday morning, overnight rates fell to 4%-4.5% a year, from 4.3%-4.8% a year the day before.

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