Rupee continued to fall for third trading day today, slipping 22 paise to 61.74 per dollar on sustained demand for the US currency from importers and banks amidst its higher value overseas inspite of good foreign capital inflows.The rupee resumed lower at 61.71 per dollar as against the last closing level of 61.52 at the Interbank ForeignExchange Market. It hovered in a range of 61.69 and 61.83 per dollar before quoting at 61.74 at 1040 hours.