INS announced Wednesday that the Romanian economy expanded at a 3.5% annual rate in 2013, in line with previous estimations, while the unadjusted annual GDP growth was revised to 5.4% for the last three months of 2013, from 5.2% initially estimated.
The leu opened at 4.4595 to the euro, up from 4.4635/4.465 per euro at Tuesday close.
At around 10:20 local time (GMT0820), the national currency traded at 4.464 against the euro.
Tuesday, the central bank set the leu’s a reference rate at 4.4629 units, down 0.17% from 4.4553 units in the previous day. Against the US dollar, the leu’s indicative weakened to 3.236 units, from 3.2304 units Monday.
In the money market Wednesday morning, overnight rates were at 2.5%-3%.