On Monday, the central bank set the leu’s exchange rate at 4.4756 per euro.

Against the US dollar, the leu’s reference also gained more than 0.2% to 3.2647 units, from 3.2719 units the day before.

The leu opened at 4.478/4.48 to the euro, slightly stronger than 4.4825/4.483 to the euro at Monday closing.

Later, the leu gained ground and traded below 4.47 per euro for the first time in the past week. It even touched an early high at 4.4596 units.

At around 13:00 local time (GMT1100), the leu traded at 4.464/4.466 per euro.

“The transferred volumes are low when compared with a regular session, but they are really good for this time of the year,” a dealer said.

On the money market, overnight rates rose to 1.6%-2.1% a year, from 0.9%-1.4% a year Monday, as a new period for building mandatory reserves starts today.