The rupee recovered marginally after breaching the 55-level against the dollar, but was still down 41 paise. This follows good demand for the American currency from banks and importers.The dollar strengthened against other currencies as well in the overseas market.The rupee resumed trading lower at 54.80 per dollar against the last closing level of 54.49 at the Interbank Foreign Exchange or Forex Market and dropped further to 55.05.However, it recovered afterwards to 54.90 per dollar at on mild selling of dollars.In New York, the dollar had risen yesterday with marketssubdued on US holiday.