Mumbai: The rupee depreciated by 14 paise to 82.08 against the US dollar in early trade on Tuesday amid negative sentiments in the domestic as well as global equity markets and outflow of foreign funds.

The Indian currency was hit by massive selling in equities by foreign investors and lower participation in dollar trade as the US market observed

a holiday on Monday, analysts said.

At the interbank foreign exchange, the domestic unit opened lower at 82.03. During intra-day, the unit hit the lowest level of 82.09 and touched the peak of 82.03. Later, the Indian currency was trading at 82.08, registering a fall of 14 paise over its previous close.

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