<h1>Currency depreciation pressures: rupee weakened as firm dollar and market selling intensified ahead of central bank policy.</h1> The rupee weakened against the US dollar amid a firmer greenback, selling pressure in secondary markets and risk averse sentiment ahead of the Reserve Bank's monetary policy deliberations; analysts noted foreign fund outflows, equity market declines and external factors such as geopolitical tension and higher oil prices as further pressure, and projected a near term USD/INR trading range.