However, the dollar's weakness against some currencies overseas and a higher opening of the domestic equity markets capped the rupee's losses, a forex dealer said. Fresh dollar demand from banks and importers weighed on the Indian currency, they added.
The BSE Sensex started off on a bullish note at 39,040.30 and hit a new intra-day record of 39,364.34. It, however, finally settled at 39,275.64, 370 points or 0.95 per cent higher, marking its life-time closing high.
The BSE benchmark Sensex jumped over 200 points in early trade Tuesday led by gains in banking, metal, oil and gas, telecom and auto stocks, amid unabated foreign fund inflows and positive global cues.
Silver too rose by Rs 170 to Rs 38,670 per kg on increased offtake by industrial units and coin makers. Traders said, positive trend overseas and rise in demand from local jewellers led to upward movement in the prices of yellow metal.