The rupee dropped 15 paise to 52.70 against the US dollar in late morning trade on month-end demand for the American currency from importers. The rupee fell despite weak dollar in the overseas market . It resumed higher at 52.47 per dollar at the Interbank Foreign Exchange (Forex) market as against the last closing level of 52.55 per dollar. However it declined immediately to 52.70 per dollar before quoting at 52.61 per dollar at 1030hrs. The rupee moved between 52.49 and 52.70 per dollar during the morning deals.