The leu opened at 4.46 per euro, from 4.455/4.458 per euro at Monday close, and further lost ground, hitting the day’s low of 4.475 to the euro in the second half of the day.
Market participants said the leu’s depreciation was due to higher demand for euros. However, they said trading volume remained subdued.
The central bank set the leu’s reference at 4.4643 versus the euro, 0.2% weaker on the day. Against the US dollar, the leu’s indicative lost 0.3% to 3.2425 units.
In the money market, overnight rates were at 0.76%-1.26% a year, well below the central bank’s main lending rate of 4%.