The leu opened at 4.578/4.58 per euro, weaker from 4.5715/4.574 per euro at Tuesday close. However, it soon started to gain ground and, at around 10:20 am (GMT0720), traded at 4.5665/4.5695 versus the euro.
The central bank could have stepped in to prevent the leu from weakening too much following disappointing inflation data for September.
Romania’s annual inflation jumped to 5.33% in September, the highest rate this year, with consumer prices advancing 1.2% month-on-month.
In the money market Wednesday morning, overnight rates rose slightly to 5%-5.5% a year.