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<h1>Currency depreciation: rupee weakens amid risk-off sentiment and higher oil prices, traders watch US economic cues.</h1> Rupee depreciation against the US dollar was driven by risk-off sentiment, elevated crude oil prices, weak domestic equities and foreign investor selling; the currency saw intraday volatility and closed lower amid geopolitical tensions, while analysts cited US economic data and upcoming FOMC guidance as near-term cues and provided an expected USDINR trading range.