Rashid's phenomenal round that featured two eagles, besides six birdies and a bogey, pushed him to pole position at 13-under-131 at the halfway stage. Chikkarangappa S of Bangalore occupied second place at 11-under-133.
The cut fell at three-over-147. Fifty-one professionals made the cut.
Rashid Khan (68-63) moved up to the top of the leaderboard from overnight tied sixth place after a sizzling record score of nine-under-63. The reigning Rolex Rankings champion was off to a terrific start as he chipped in for eagle on the 10th. Rashid gained two more strokes on the 11th and 15th to make the turn at four-under.
"It's great to have set a new course record. I made a lot of putts today as compared to round one. Importantly, I had a good start on both the front-nine and back-nine today. I began the day with a chip-in on the 10th and took all my chances from there on. My longest putt of the day was the 40-footer on the fourth. It was also nice to close the day with a chip-in for eagle on the seventh," said Rashid.
The seasoned Jyoti Randhawa followed up his first round of 69 with a 67 in round two to be placed third at eight-under-136.
Shubhankar Sharma of Gurgaon, Chandigarh's Abhijit Singh Chadha and Delhi golfer Vinod Kumar are in joint fourth at seven-under-137.
Kolkata's Rahil Gangjee, Khalin Joshi of Bangalore and Sri Lankan K Prabagaran are a further shot behind in tied seventh place.
Kolkata golfers SSP Chowrasia and Divyanshu Bajaj took a share of 10th place along with Delhi's Manav Jaini at five-under-139.
