KARACHI, June 10; The rupee on Monday gained another 15 paisa against the dollar on the open market amid falling demand for the US currency.

The rupee was quoted at Rs.60.35 and 60.45 for buying and selling respectively as compared to weekend Rs.60.55 and 60.60, progressively sliding from its recent peak level of 60.70 and 60.75.

On the inter-bank, the rupee also stood firm, with fractional either-way changes, although inter-bank call rates showed a significant improvement around 7 per cent from the previous 4 to 5 per cent, dealers said.

“The dollar is in oversupply but not certainly flooded by arrivals from the informal quarters,” one currency dealer said adding “the demand on the trade account owing to the proximity of the national budget on June 15.”

The rupee also ruled firm against other major currencies including sterling, and most of the Gulf currencies and also recovered against the euro at Rs.56.70 and 56.85 as compared to Rs.56.90 and 57.05 at the last weekend.