The rupee dropped 36 paise to 61.86 against dollar in late morning trade on persistent demand for the US unit from banks and importers amid a firm dollar overseas. In spite of sustained foreign inflows into Indian equities, the rupee declined against the US currency for the second consecutive day on the back of firmness in dollar in global markets. The Indian unit resumed lower at 61.95 per dollar, as against the last closing level of 61.50, at the InterbankForeign Exchange market and hovered in a range of 61.80-61.96 before quoting at 61.86 a dollar at 1040hrs.