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The median overnight interbank rate on the Egyptian pound was slightly higher at 11.575 percent on Tuesday compared with 11.55 percent on Monday, with a majority of deals made for longer periods, brokers said.

Three out of 10 banks contacted by Reuters reported overnight deals, while six dealt for periods up to two weeks.

The median one-week rate reported was 11.64 percent, rising to 11.65 for two-week deals.

In recent days mostly overnight deals had been reported.