The leu opened at 4.313/4.315 to the euro, compared to 4.31/4.312 to the euro at Monday’s closing. It weakened further and touched an early low at 4.32.4.323 per euro.
Romania’s currency recouped a small part of the loss and traded at 4.3195/4.3215 per euro at around 10:00 local time (GMT0700).
“The traded volumes are very low, and the leu’s slight depreciation, as well as of the others currencies in the region is caused by the European bourses’ returned in red territory,” a dealer said.
The main European stock exchanges opened slightly down Tuesday, despite a surge in US stocks in the previous day.
The leu was unmoved by the inflation data, the dealer also said. Tuesday, the Romanian statistics institute said the annual inflation fell to 3.45% in September, the lowest level in more than 20 years.
Romanian central bank set Monday the leu’s reference rate at 4.3052 to the euro, 0.2% stronger on the day.
On the money market Tuesday morning, overnight rates were slightly up at 5.25%-5.75% a year.