The Indian rupee weakened against the U.S. dollar in the morning deals on Thursday, as investor sentiment dampened after minutes from the Federal Reserve's most recent meeting indicated that "most" of its members are ready to lift rates at the next meeting on June 14-15, if the data improves.

Losses remained capped somewhat as early trends indicated the BJP will win in Assam and increase its vote share in the states of West Bengal, Tamil Nadu and Kerala, as predicted by exit polls.

Against the greenback, the rupee fell to a 2-month low of 67.2600 from an early high of 67.1200. At yesterday's close, the rupee was trading at 67.1000 against the greenback.

If the rupee extends its downtrend, it is likely to find support around the 67.80 area.

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