The Indian rupee continued to slide against US dollar on Friday, dropping 29 paise to 53.51, on persistent demand for the American currency from banks and exporters as it gained in the overseas forex markets as well. The dollar gained despite capital inflows into the Indian equity market. The rupee resumed lower at 53.44 a dollar against the last closing of 53.22 at the Interbank Foreign Exchange (Forex) Market. It dropped further to a low of 53.58, before quoting at 53.51 per $at 10.40 am. The rupee moved in the 53.42 and 53.58 per dollar range during the morning deals. In New York, the euro weakened against the dollar and other currencies. Meanwhile, the 30-share BSE Sensex was trading 46.58 points, or 0.24 per cent, higher at 19,626.90 in noon trade.

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