(Reuters) - The median overnight interbank rate on the Egyptian pound was steady at 8.758 percent on Sunday compared with 8.757 percent on Wednesday, in the absence of significant auctions of government paper, dealers said.
"The market is very liquid because there are no auctions. Any movement in a few basis points means nothing," said one dealer. Overnight rates have been hovering just above 8.75 percent for the past three weeks.
Read more at Reuters Africa
"The market is very liquid because there are no auctions. Any movement in a few basis points means nothing," said one dealer. Overnight rates have been hovering just above 8.75 percent for the past three weeks.
Read more at Reuters Africa
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