The Indian rupee weakened against the U.S. dollar in the late morning deals on Tuesday, after the Reserve Bank of India Governor Raghuram Rajan kept the key interest rates unchanged at his final meeting.

The RBI maintained its benchmark lending rate, the repo, at 6.50 percent. Consequently, the reverse repo rate was retained at 6.00 percent. The repo rate, which is now at the lowest since early 2011, was previously lowered by a quarter-basis point in April.

The cash reserve ratio was also kept unchanged at 4 percent as expected.

Against the greenback, the rupee fell to a 5-day low of 66.9850 from an early high of 66.8300. At yesterday's close, the rupee was trading at 66.8000 against the greenback.

If the rupee extends its downtrend, it is likely to find support around the 67.70 area.

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