The leu opened modestly lower at 4.4405 against the euro, from 4.4395 per euro at Tuesday’s close.
The national currency traded at 4.4325/4.434 to the euro during the first hour, and further moved in a tight range, hitting an early low of 4.4331 per euro and an early high of 4.4405 to the euro.
Tuesday, the Romanian central bank set the leu’s exchange rate at 4.4425 per euro, slightly weaker than 4.4415 per euro the day before.
In the money market Wednesday morning, overnight rates rose to 1% – 1.5% a year, from 0.8% – 1.3% a year.