The central bank's Monetary Policy Committee raised the overnight deposit rate to 18.75% from 16.75% and its overnight lending rate to 19.75 from 17.75%
Inconclusive U.S. Federal Reserve minutes kept the dollar near one-week highs.
The Pakistani rupee fell 3.1 per cent to 108.095 against the greenback on Wednesday, its lowest level since December 2013.
The dollar was little changed at 113.240 yen, pulling back from a seven-week high of 113.690 reached overnight.
Egypt's foreign reserves jumped to $31.305 billion at the end of June from $31.126 billion at the end of May.
The yen tends to be bought back at times of heightened global uncertainty because of expectations Japanese investors may repatriate their foreign investment
Samsung Pay is accepted wherever Samsung smartphone (and some smartwatch) users can swipe or tap their credit card in the UAE.
Qatar's central bank said on Tuesday it had sold $275mln of Treasury bills in its monthly auction, with yields rising sharply from the previous month's sale.
The dollar index against a basket of six major currencies was a shade lower at 96.125 after rising 0.6% overnight
Average yields on Egypt's 3- and 9-month treasury bills rose at an auction on Monday, data from the central bank showed.