However, the leu lost ground against the US dollar, as the reference rate stands at 3.5387 units, 0.13% weaker from 3.3542 units Monday.

The leu opened at 4.462/4.464 to the euro, stronger than 4.4655/4.4665 to the euro at Monday closing.

It quickly touched an intraday high at 4.4585/4.459 to the euro, before returning above 4.46, where it stayed for most of the first part of the session.

At around 13:00 local time (GMT1000), the leu traded at 4.463/4.4645 against the euro.

On the money market Tuesday morning, overnight rates fell to 2.7%-3.2% a year, from 5%-5.5% a year in the previous day, as the central bank boosted market liquidity by some RON12 billion Monday through a repurchase agreement operation.