However, the leu continued to gain ground versus the US dollar and the indicative rate reached 3.2761 units, the strongest level since March 28, 2012.

The leu opened slightly higher at 4.377/4.38 per euro, from 4.3845/4.3875 per euro at Friday close and traded near 4.38 to the euro in the first half of the day, amid a quiet market.

In the money market, overnight rates were at 5.6%-6.1% a year, little changed from 5.5%-6% a year Friday.