Mumbai: The Indian rupee fell to a new record intra-day low for the second session in a row Thursday, despite the Reserve Bank of India's intervention, as global as well as domestic outlook remained grim. The partially convertible rupee fell to a record low of 54.60 against a dollar in the intra-day, surpassing Wednesday's low of 54.52. However, the Indian currency closed marginally higher at 54.47 against a dollar -- 0.04 percent higher than the previous day close at 54.49. The rupee had hit a record intra-day as well as closing low Wednesday. Analysts said the rupee might soon touch 55 against a dollar due to grim economic outlook and limitation of options left with the central bank to intervene in the market. "Rupee is driving the markets. Traders and investors are keeping close eye on RBI action, though it seems RBI is running out of options," said Kishor P Ostwal, chairman and managing director of CNI Research Ltd. He said the rupee was heading towards 55 against a dollar which would keep the Indian equity markets on edge. Earlier in the day, the rupee strengthened to 54.20 against a dollar taking cues from rebound in stock markets and RBI intervention. But due to continued risk aversion in the global markets, the rupee slipped to a new low in the late afternoon session.

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