The leu opened at 4.446/4.448 against the euro, from 4.4495/4.45 to the euro at Friday close.
In the first hour of the session, the leu traded in a narrow range, between 4.446 and 4.4465 units.
Shortly after 10:00 local time (GMT0700), the leu traded at 4.448/4.4515 versus the euro, similar to Friday closing level.
Romania’s central bank set Friday the leu’s exchange rate at 4.4514 units, from 4.4511 units a day earlier.
Against the US dollar, however, the leu’s indicative strengthened 0.45% to 3.2513 units.
On the money market Monday morning, overnight rates fell to 1.25% – 1.75% a year, from 1.62% – 2.12% a year Friday. The rates are well below the central bank’s key lending rate of 4.25% a year.