The rupee fell to its lowest levels in more than two and a half years on Friday as negative local shares weighed.
* At 9:15 a.m., the partially convertible rupee was at 50.2400/2600 per dollar, 0.1 percent weaker than Wednesday's close of 50.1750/1850, after touching a low of 50.4200, a level last seen on April 28, 2009.
* Traders expect the rupee to trade in a 50.20-50.50 range during the day.
* The market was closed on Thursday for a religious holiday.
* Analysts polled by Reuters were bearish on the rupee's outlook. The Indian currency may retest a record low of 52.20 per dollar on a widening trade deficit, falling car sales and a Moody's outlook downgrade of the country's banking sector.
* The euro was at $1.3629 from $1.3643 at the close of rupee trade on Wednesday.
* The Sensex opened down 1 percent.