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Rupee recovers marginally, at 54.90/dollar

Still down 41 paise on good demand for dollar from banks & importers

Press Trust of India  |  Mumbai 

The recovered marginally after breaching the 55-level against the dollar, but was still 41 paise on good demand for the from and

The strengthened against other currencies as well in the

The resumed lower at 54.80 per as against the last closing level of 54.49 at the (Forex) Market and dropped further to 55.05.

However, it recovered afterwards to 54.90 per at 1100 hrs on mild selling of dollars.

In New York, the had risen yesterday with markets subdued on US holiday.

Meanwhile, the 30-stock index, Sensex, was steady at 17,467.03 at 1100hrs.

First Published: Thu, July 05 2012. 11:53 IST