The rupee slid to its weakest level in 30 months Friday on expectations of foreign fund outflows from domestic shares on a sudden bout of risk aversion ahead of the euro zone summit over the weekend.

At 9:07 a.m. (0337 GMT), the partially convertible rupee was at 50.14/15 per dollar, after hitting 50.18, its lowest since April 29, 2009 and 0.7 percent below its Thursday's close of 49.79/80.