<p> The rupee recovered marginally after breaching the 55-level against the dollar, but was still down 41 paise on good demand for the American currency from banks and importers<br /><br /></p>.<p>The dollar strengthened against other currencies as well in the overseas market.<br /><br />The rupee resumed trading lower at 54.80 per dollar as against the last closing level of 54.49 at the Interbank Foreign Exchange (Forex) Market and dropped further to 55.05.<br />However, it recovered afterwards to 54.90 per dollar at 1100 hrs on mild selling of dollars.<br /><br />In New York, the dollar had risen yesterday with markets subdued on US holiday.Meanwhile, the BSE 30-stock index, Sensex, was steady at 17,467.03 at 1100hrs.</p>
<p> The rupee recovered marginally after breaching the 55-level against the dollar, but was still down 41 paise on good demand for the American currency from banks and importers<br /><br /></p>.<p>The dollar strengthened against other currencies as well in the overseas market.<br /><br />The rupee resumed trading lower at 54.80 per dollar as against the last closing level of 54.49 at the Interbank Foreign Exchange (Forex) Market and dropped further to 55.05.<br />However, it recovered afterwards to 54.90 per dollar at 1100 hrs on mild selling of dollars.<br /><br />In New York, the dollar had risen yesterday with markets subdued on US holiday.Meanwhile, the BSE 30-stock index, Sensex, was steady at 17,467.03 at 1100hrs.</p>
