`Rs slides by 24p to 3-1/2-month low 63.56 per $

Continuing its losing streak for the second straight session, the rupee on Friday closed at a fresh three-and-a-half month low of 63.56 against the US dollar after plunging to 63.64 in intra-day trade on sustained demand for the American currency from importers amid weaker equities.

After touching an intra-day low of 63.64, lowest in the current calender year, the Indian rupee recovered some lost ground, still showing a fall of 24 paise to close at 63.56 against the US dollar.