The U.S. dollar hit a new record high against Turkish lira at 3.1850 on Tuesday ahead of U.S. presidential elections and increasing political tensions inside Turkey.

The ongoing discussions between the government and the opposition regarding the detention of pro-PKK Peoples' Democratic Party (HDP) deputies was effective in U.S. dollar's rise specifically against the Turkish lira, as global markets have already taken their positions against possible outcomes of U.S. elections.

The parity rate reached its previous record high at 3.17 on Friday, when a car bombing by PKK-affiliate terrorist group TAK targeted southeastern city of Diyarbakır right after the detention of HDP deputies.

Although the rate decreased below 3.15 level early on Monday, it jumped above 3.18 on Friday.