The US dollar declined against the Romanian Leu from European session's 2-day high of 3.2157 in New York trading on Wednesday. The greenback declined to 3.1807 versus the Leu by about 9:15 am ET, compared to yesterday's North American session close of 3.1948. As of now, the pair is trading at 3.1968.
Romania's central bank said today in a report that the nation's foreign exchange reserves stood at EUR 25.12 billion in March, down from EUR 25.91 billion in the previous month.
The decrease recorded in March was mainly due to the evolution of the exchange rate of euro versus the US dollar and the Sterling pound, the central bank said.
Yesterday, Romania's central bank kept its key interest rate unchanged at 10% per annum. The decision was in line with economists' expectations.
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