How to receive character to P89V51RD using serial communication?

// Program to test serial communication of controller with PC using hyper terminal
#include<reg51.h>

void ini()     // Initialize Timer 1 for serial communication
{
TMOD=0x20;  //Timer1, mode 2, baud rate 9600 bps
TH1=0XFD;
SCON=0x50;
TR1=1;
}

void recieve()  //Function to receive serial data
{
unsigned char value;
while(RI==0);
value=SBUF;
P1=value;
RI=0;
}

void transmit()  // Funtion to transmit serial data
{
P2=P1-32;
SBUF=P2;
while(TI==0);
TI=0;
SBUF=P1;
while(TI==0);
TI=0;
}

void main()
{
while(1)
{
  ini();
  recieve();
  transmit();
}
}