The leu closed at 4.43/4.433 per euro, from 4.398/4.4 per euro Tuesday.
The currency opened flat on the day but started to lose ground in mid-action, driven by demand for euros from foreign investors. The leu hit the day’s low of 4.433 to the euro in the second half of the session.
The central bank set the leu’s reference at 4.4291 versus the euro, the weakest rate this year. Against the US dollar, the leu’s indicative fell to an eight-week low of 3.3885 units.
The leu’s evolution was not influenced by official data which showed that the Romanian economy had expanded at a faster pace than previously estimated in the first three months of 2013.
Revised data from the statistics institute INS showed the adjusted gross domestic product increased at an annualized rate of 2.2% in the first quarter, better than the 1.4% growth initially reported.
In the money market, overnight rates fell to 2.9%-3.5% a year, from 3.5%-4% a year Tuesday.