Against the US dollar, the leu’s indicative lost 0.27% to 3.3169 units.
The leu opened down at 4.395/4.397 per euro, from 4.389/4.391 per euro at Tuesday close and further lost ground, tracking its peers in the region.
Market participants said the local market was not influenced by news of a new loan agreement with the International Monetary Fund, or by the IMF’s updated prognosis on the economic growth in Romania.
Romania plans to borrow EUR4 billion from the International Monetary Fund and the European Commission, Andrea Schaechter, the head of the IMF mission to Bucharest, said earlier Wednesday. The deal is subject to approval of the IMF board and the EU Economic and Financial Committee.
The IMF also revised upward its growth estimate on Romania’s economy to 2% in 2013 from 1.6% previously, saying it expects better contributions from agriculture and exports.
In the money market, overnight rates were at 3.6%-4.1% a year, from 4%-4.5% a year Tuesday.