Rupee dropped by 38 paise to 61 rupees 63 paise against the American currency in late morning trade on good dollar demand from banks and importers. The rupee resumed lower at 61 rupees 60 paise per dollar today as against the last closing level of 61 rupees 25 paise per dollar at the Interbank Foreign Exchange Forex Market. A forex dealer said, fresh dollar demand from banks and importers mainly affected the rupee value against the dollar.