The rupee recovered marginally after initial losses today but was still trading down 19 paise at 53 rupees 55 paise a dollar. This follows persistent demand for the American currency from banks and its strengthening in the overseas forex markets. The rupee resumed lower at 53.50 a dollar as against the last closing level of 53.36 rupee at the Interbank Foreign Exchange (Forex) Market, and dropped further to 53.63 rupee. However, it recovered to 53.47 rupee a dollar before quoting at 53.55 rupee.