Romanian Leu In Ranges Vs Euro, Exchange Rate At 4.3588
The Romanian leu traded just shy of 4.36 per euro in mid-session Tuesday and the central bank’s reference strengthened modestly to 4.3588 units, from a 17-month low of 4.3608 units a day earlier.
Against the US dollar, the leu’s indicative won 0.65% on the day at 3.2215 units.
The leu opened flat at 4.365/4.367 per euro and further gained ground, tracking its peers in the region. It hit an early high of 4.3575 per euro and moved in narrow ranges after that, amid a quiet market.
On the money market, overnight rates dropped to 2.4%-2.9% a year, from 5.7%-6.2% a year in the previous day. The central bank Monday pumped RON6.25 billion in the market to increase liquidity and drive rates lower.
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