Extending its losses for the second day in a row, the rupee today declined by 37 paise to 62 rupees, 94 paiseagainst the dollar in the late morning trade on sustaineddemand for the US currency from banks and importers. Earlier rupee weakened by 34 paise to 62.91 in opening deals on the Interbank foreign Exchange market.Dealers attributed the rupee fall to dollar gains against ther currencies overseas after minutes from the Federal reserve's October meeting showed policymakers were considering cutting its stimulus programme in coming months.