The leu opened at 4.5755/4.5780 per euro, from 4.5740/4.5760 per euro at Monday’s closing and remained stable during the first hour of trading.
On Monday, the leu’s exchange rate strengthened slightly to 4.5757 per euro, from an 11-week low of 4.5809 per euro in the previous session. Against the US dollar, the leu’s reference won 0.13% on the day to 3.5051 units.
In the money market Monday morning, overnight rates dropped to 2%-3% a year, after the banks set their minimum mandatory reserves asked by the central bank.