<b><p>People walk past a roadside currency exchange vendor in the old quarters of Delhi.</b> <p></p><p> <p>The rupee slumped to a new record low of 56 to the dollar on Wednesday weighed down by <p></p><p> <p>global risk aversion, with the Reserve Bank of India's intervention earlier in the day seen as too mild to prevent further falls. <p></p><p> <p>At 12:40 p.m., the partially convertible rupee was at 55.98/99 per dollar, after hitting a <p>new record low at 56, sharply below its Tuesday's close of 55.39/40. <p></p><p> <p>The euro stayed pinned near recent four-month lows while domestic stocks were down more than half a percent. <p></p> <p> <p><b>Pictures by Reuters</b>