October 15 (SeeNews) - The Romanian leu closed a tad weaker against the euro on Thursday as political uncertainty following the fall of the government continued to weigh, dealers said.
The leu ended at 4.2910/2940 per euro, compared to 4.2900/2950 per euro on Wednesday.
The leu opened near the 4.3-per-euro mark and was traded between 4.29 and 4.30 per euro in low volumes, one dealer told SeeNews.
“The market was not influenced too much by the nomination of a new prime minister," the dealer said. Unlike the leu, other emerging market currencies in the region were mostly stronger on Thursday amidst global appetite for risk, he said.
Romania’s President Traian Basescu nominated Lucian Croitoru, an advisor to the central bank governor, as prime minister-designate on Thursday, two days after the country’s minority government fell in a no-confidence vote.
The BNR set its reference exchange rate at 4.2937 per euro on Thursday, compared to 4.2940 per euro on Wednesday. For the U.S. dollar, the BNR set its reference exchange rate at 2.8798 versus Wednesday’s 2.8812.
Turnover on the interbank leu deposit market rose to some 2.550 billion lei on Wednesday from 2.161 billion lei on Tuesday. The BNR will issue Thursday’s turnover figures on Wednesday.
Interest rates on overnight leu deposits rose to 10.38%/10.96% on Thursday from 9.87%/10.37% on Wednesday.