Rupee continues to decline vs dollar for third day

MUMBAI, (PNA/PTI) — The Indian rupee continued to decline for the 3rd day Tuesday by slipping another 11 paise to 61.85 per dollar in the late morning session on persistent demand for the American currency from banks and importers amidst steady dollar in the overseas market.

The rupee resumed lower at 61.95 per dollar as against the last closing level of 61.74 per dollar at the Interbank Foreign Exchange (Forex) Market.

However, it recovered to 61.