Still down 41 paise on good demand for dollar from banks & importers
The dollar strengthened against other currencies as well in the overseas market.
However, it recovered afterwards to 54.90 per dollar at 1100 hrs on mild selling of dollars.
In New York, the dollar had risen yesterday with markets subdued on US holiday.
The rupee pared its initial gains to trade higher marginally by 3 paise to 55.55 against the American currency in the late morning trade on fresh ...