Unfortunately, opening the file from a local folder was not successful. After running all day, it still failed to launch Excel beginning at midnight.
I saved the file locally and in a folder not backed up by OneDrive, and opened from there.


Problem while executing action 'LaunchAndOpenUnderExistingProcess'. Failed to open Excel document 'C:\AutomationFiles\[myfilename].xlsm' (Active workbook retrieval error).
Microsoft.PowerPlatform.PowerAutomate.Desktop.Actions.SDK.ActionException: Failed to open Excel document 'C:\AutomationFiles\[myfilename].xlsm' (Active workbook retrieval error). ---> System.Runtime.InteropServices.COMException: Call was rejected by callee. (Exception from HRESULT: 0x80010001 (RPC_E_CALL_REJECTED))
at System.RuntimeType.InvokeDispMethod(String name, BindingFlags invokeAttr, Object target, Object[] args, Boolean[] byrefModifiers, Int32 culture, String[] namedParameters)
at System.RuntimeType.InvokeMember(String name, BindingFlags bindingFlags, Binder binder, Object target, Object[] providedArgs, ParameterModifier[] modifiers, CultureInfo culture, String[] namedParams)
at System.Type.InvokeMember(String name, BindingFlags invokeAttr, Binder binder, Object target, Object[] args, CultureInfo culture)
at Microsoft.Flow.RPA.Desktop.Modules.Excel.Actions.ExcelActions.GetProperty(Object o, String propertyName)
at Microsoft.Flow.RPA.Desktop.Modules.Excel.Actions.ExcelActions.LaunchExcel(Variant documentPath, Variant readPassword, Variant writePassword, Variant& excelInstance, Int32 launchMode, Boolean visible, Boolean loadAddInsAndMacros, Boolean needsAuthentication, Boolean readOnly, Boolean launchInNewInstance)
--- End of inner exception stack trace ---
at Microsoft.Flow.RPA.Desktop.Modules.Excel.Actions.ExcelActions.LaunchExcel(Variant documentPath, Variant readPassword, Variant writePassword, Variant& excelInstance, Int32 launchMode, Boolean visible, Boolean loadAddInsAndMacros, Boolean needsAuthentication, Boolean readOnly, Boolean launchInNewInstance)
at Microsoft.Flow.RPA.Desktop.Modules.Excel.Actions.LaunchExcel.Execute(ActionContext context)
at Microsoft.Flow.RPA.Desktop.Robin.Engine.Execution.ActionRunner.Run(IActionStatement statement, Dictionary`2 inputArguments, Dictionary`2 outputArguments)