Silver prices surged by Rs 5,000 to hit a new record of Rs 2,56,000 per kilogram in the national capital on Wednesday, amid strong safe-haven demand and robust industrial buying, according to the All India Sarafa Association.

The rupee rose 26 paise to 89.92 against US dollar in early trade on Wednesday aided by a weaker greenback and a sharp drop in global crude oil prices.

The rupee rose 18 paise to 90.12 against the US dollar in early trade on Tuesday on the back of a weaker greenback and a dip in global crude oil prices.

The rupee opened weak and declined 4 paise to 90.24 against the US dollar in early trade on Monday, as geopolitical uncertainties triggered by the US intervention in Venezuela fuelled the demand for the American currency.

The rupee witnessed range-bound trade in the morning session on Friday, appreciating by 6 paise to 89.92 against the US dollar as thin liquidity conditions accentuated everyday demand-supply imbalances, keeping the rupee tilted toward weakness.

The rupee started the new year on a negative note and depreciated 11 paise to 89.99 against the US dollar in early trade on Thursday weighed down by persistent foreign fund outflows.

The rupee fell 5 paise to 89.95 against the US dollar in early trade on Monday amid foreign fund outflows and a muted opening in the domestic equity markets.

British aero-engine maker Rolls-Royce on Sunday said it is looking at making India its third "home market" outside of the UK in line with a plan to unlock the full potential of opportunities across an array of domains including jet engine, naval propulsion, land systems and advanced engineering.