Mumbai, Oct. 5 -- The Indian rupee depreciated 5 paise to close at 96.30 (provisional) against the US dollar on Monday, as elevated oil prices and persistent foreign fund outflows kept the Indian currency range-bound near the critical 96 level against the US dollar. Boost in risk-on sentiment supported the rupee, though traders are now turning their attention towards foreign capital flows and the Reserve Bank of India's upcoming monetary policy decision for further cues. Indian shares rose sharply on Monday as investors trimmed bets on an aggressive policy tightening cycle by the U.S. Federal Reserve. After Friday's data showed much weaker-than-expected U.S. job growth in September, traders reduced their expectations for a potential Feder...