The rupee recovered some of the morning losses but was still down 11 paise against the dollar at 54 rupees 49 paise on fresh demand for the American currency from banks and importers. The dollar strengthened against other currencies as well in the overseas market. Fresh dollar demand from banks and importers in view of strong dollar in the overseas market mainly affected the rupee value.In the Sydney market, the dollar index edged higher against major rivals in Asian trading hours today with markets subdued on US holiday.