The exchange rate stood at 4.28 lei per euro this morning and then stepped up 4.29. The leu started to gain ground and at 11:05 a.m. banks were buying a euro with 4.2775 lei and selling it for 4.2875 lei.

The annual rate of inflation upped to 6.89 percent in February from 6.71 percent in the previous month, exceeding analysts' expectations, underpinned mainly by the rise in prices for non-food stuff and services, data of the country's statistics body INS show.

In the region, the neighbor currencies had a similar evolution. The Polish zloty depreciated to 4.6730 versus the euro and then hiked to 4.60, while the Hungarian forint rose from 305.2 to 299.5.