At around 10:15 am, the leu traded at 4.538/4.54 per euro, from 4.548/4.55 to the euro at Monday close.
Market participants said the central bank is taking advantage of the low liquidity in the market to sell hard currency from the Finance Ministry, after the latter raised EUR421.5 million at a local debt sale.
The central bank set the leu’s reference at 4.5442 against the euro Monday, the highest rate since October 4.
In the money market Tuesday morning, overnight rates were at 5.2%-5.7% a year.