Mumbai :  The rupee depreciated 5 paise to 82.75 against the US dollar in early trade on Wednesday as the strengthening of the American currency against key rivals overseas and firm crude prices in global markets weighed on the local unit.

However, a higher opening in domestic equities supported the local currency and capped the losses, forex traders said.

At the interbank foreign exchange, the domestic unit opened weak at 82.76 against the dollar, then inched higher to 82.75, registering a decline of 5 paise over its last close.