The Indian rupee dropped by 27 paise to 44 rupees 72 paise against the dollar in the morning session. This follows persistent dollar demand from banks and importers on the back of higher dollar in overseas amid sustained capital outflows from foreign funds.At the Interbank Foreign Exchange or Forex market, the domestic currency opened lower at 44 rupees 56 paise as against the overnight closing level of 44 rupees 45 paise per dollar.