The leu opened at 4.375/4.379 to the euro, compared to 4.371/4.372 at closing the day before.
Within the first hour, the leu recovered some of the ground lost earlier, on euro sales, and it soon returned below 4.375 units, with dealers saying the central bank might have stepped in to prop the local currency as the leu was heading towards 4.38 units.
The central bank set Tuesday the leu’s reference at 4.3696 to the euro, slightly weaker on the day. Against the US dollar, the leu’s indicative appreciated modestly to 3.3394 units, from 3.3411 Monday.
On the money market, overnight rates rose to 2.5%-3% a year, compared to 2%-2.5% a year Tuesday.