The leu opened at 4.425 per euro, from 4.428/4.429 per euro at Tuesday close, but further depreciated and traded at 4.429/4.4305 to the euro after the first hour.

Market participants said investors showed no immediate reaction to news of a slower-than-expected economic growth in the second quarter.

Romania’s economic growth slowed sharply to 1.3% in the April-June period, after an annual increase of 2.2% a quarter earlier, a flash estimate of the country’s statistics institute showed earlier Wednesday.

In the first six months of 2013, the gross domestic product expanded at an annualized rate of 1.7%. Analysts had expected an economic growth of around 2%.

In the money market Wednesday morning, overnight rates were at 1.5%-2% a year.

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