The Indian rupee is recovering from record low levels in opening trades on Tuesday tracking positive undertone in local equities. Indian stock and forex markets were closed on Monday on account of Bakri Id. The benchmark S&P/BSE Sensex ended the session on Friday up 181.87 points, or 0.24 percent, at 76,992.77 while the broader NSE Nifty index closed at 23,465.60, up 66.70 points, or 0.29 percent, from its previous close. The Indian rupee consolidated in a narrow range and settled 2 paise lower at 83.56 against US dollar on Friday.