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<h1>Currency depreciation risks: trade tensions and capital outflows press local unit, prompting central bank monitoring and market caution.</h1> The rupee's renewed depreciation is attributed to trade-tension driven tariff risks, sustained foreign capital outflows, and higher global crude prices, with analysts noting influence from US dollar index movements and monetary policy expectations; authorities have signalled active monitoring and market participants cite a near-term trading range conditional on changes in external and domestic indicators.