The Indian rupee on Wednesday depreciated by 19 paise against the US currency to fell to a two-week low in early trade on dollar buying by banks and importers and fears of capital outflows after weak global cues.

At the Interbank Foreign Exchange (Forex) market, the domestic unit traded 19 paise down at 46.86 a dollar, the lowest since November 27. It had closed 11 paise down at 46.67/68 against the dollar in Tuesday's trading.