Tuesday, the leu closed at 4.1545/4.1555 per euro.

The national currency opened slightly up at 4.153/4.156 per euro, but further lost ground, unmoved by positive data that showed the economy expanded at a slightly faster pace than initially estimated in the first quarter.

The gross domestic product increased 0.7% on the quarter in January to March, up from growth of 0.6% previously estimated, revised figures from the statistics institute showed earlier today.

Romanian central bank set the leu’s reference at 4.1719 to the euro, the lowest rate since March 17. The leu also retreated against the Swiss franc, hitting the weakest level since January 10, at 3.4016 units.

On the money market, overnight rates fell to 3.3%-3.8% a year, from 3.7%-4.2% a year Tuesday.

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