The rupee today recovered by 12 paise to 54.69 against the dollar in late morning deals on selling of the US currency by exporters and banks, amidpersistent capital inflows by foreign funds. The rupee resumed weak at 54.86 per dollar as against yesterday's closing level of 54.81 per dollar at the Interbank Foreign Exchange, Forex market. However, it recovered immediately to 54.68 per dollar before quoting at 54.69 per dollar today.