Against the US dollar, the leu’s reference gained modestly to 3.5 units, from 3.5016 units Tuesday.

The leu opened down at 4.5275/4.53 per euro, from 4.5255/4.528 per euro at yesterday close. It further depreciated and hit an early low of 4.533 to the euro before returning below 4.53 to the euro toward noon.

In the money market, overnight rates fell slightly to 4.4%-4.9% a year, from 4.6%-5.1% a year in the previous session.