Rupee slides, sensex at 32270

After a brief overnight pause, the rupee was again caught in a downward spiral and slipped by 12 paise to 64.12 against the US dollar today on fresh demand for the American currency from banks and importers amid persistent foreign capital outflows.

Foreign portfolio investors sold shares worth a net Rs 826.77 crore, provisional data of stocks exchanges showed.

The domestic currency started on a negative note at 64.17 against the Wednesday’s closing level of 64.