The rupee depreciated by five paise in early trade today to quote at 67.97 against the US dollar on the first trading day of 2017 due to fresh buying of the American currency by importers at the Interbank Foreign Exchange.The rupee had closed 18 paise higher at 67.92 against the greenback in the previous session on December 30, 2016. The benchmark BSE Sensex fell 132.37 points to 26,494 in early trade.