The Indian rupee today depreciatedby four paise at 46.69 against the US dollar in early tradelargely on fears of fresh capital outflows by foreign funds asmarket may open lower on weak Asian cues.

The US unit's gains against other major currencies alsoput some pressure on rupee sentiment.

At the Interbank Foreign Exchange (Forex) market, thedomestic unit traded four paise down at 46.69 a dollar. Therupee ended 35 paise lower at 46.65/66 against the dollar inthe previous session after the Sensex ended 153.57 pointsdown.