If i just hang ours up they are never dry by the next morning. All of ours have good rugs which are nearly always dry on the inside so i just leave them on overnight and then they dry pretty quickly.
With a rambo, they are only wet on the outside. So I just put them back on, they are breathable and the horse stays dry etc. If you bring in on a really rainey day and outside is wet, go back an hour later and the heat from the horse drys the rug. I think Rambo's are the best rugs ever for this.
It has saved me a fortune in rugs, they have a lightweight rambo and a heavy weight one. My stable rugs have'nt been used in over three years. One horse, two rugs for outdoors - and they last for years.