The leu opened at 4.3485/4.3525 to the euro, and it held its ground within the first hour of trading.

The central bank set Wednesday the leu’s reference at 4.3486 per euro, slightly weaker from 4.348 per euro Tuesday. Against the US dollar, the leu’s indicative was flat on the day at 3.2357 units.

On the money market, overnight rates inched up to 3.8%-4.3% a year, from 3.6%-4.1% a year Wednesday.

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