The rupee today recovered by 30 paise to 54.08 against the US dollar in early trade at the Interbank Foreign Exchange on increased capital inflows, amidweakening of the American currency against the euro overseas. The government notifying its decision to allow FDI in multi-brand retail sector, also influenced the rupee.The local unit yesterday had depreciated by a hefty 37 paise to close at nearly one-week low of 54.38.