The median interbank overnight rate on Egypt's pound rose to two percent on Sunday from one percent on Wednesday with demand low because most banks had met central bank reserve requirements, bankers said.
"There's no demand because all the banks have met their needs," one banker said.
Others said they expected renewed demand to push rates higher at the start on Tuesday of a new two-week period over which the central bank measures banks' reserves.
Only three of 11 banks contacted by Reuters had dealt overnight at rates of two and three percent compared to between 3/4 and one percent on Wednesday - the last day of trading before a public holiday and the Egyptian weekend.
Three of the banks had dealt for one week at rates of between five and 5-1/4 percent, compared to between three and five percent on Wednesday.
The overnight CAIBOR rate slipped to 5.7381 percent from 5.8333 on Wednesday. The one-week CAIBOR fell to 6.3169 percent from 6.3642 on Wednesday.
On the foreign exchange market, the pound's mid-rate to the dollar was last quoted at 6.17 on banks and 6.16 in exchange houses, around Wednesday's closing weighted average of 6.17.
Two market sources said the pound's value was broadly steady on the black market at about seven pounds.
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