If OneDrive client is taking major portion of your bandwidth and affecting your browsing or Windows Update download speed, you can limit upload and download rates in OneDrive settings.
Right-click the OneDrive icon in Notification area, and click Settings
In the Network tab, set the Upload rate and Download rate accordingly.
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Ramesh Srinivasan founded Winhelponline.com back in 2005. He is passionate about Microsoft technologies and has a vast experience in Windows — delivering support for Microsoft's consumer products. He has been a Microsoft MVP (2003-2012) who contributes to various Windows support forums.