Download and replace file in a folder

I am using an excel file as an input variable within my workflow. The excel input file is updated frequently and will need to be downloaded in order to have the latest version. This is the excel file I am using within my workflow.

Is it possible to download the new file and replace the existing every time I run my bot?

You can as long as you name the file the same thing every time you download it, and write code that will click yes when prompted to overwrite the file. Alternatively, you could download the file to a temporary directory and delete it at the beginning of the process every time. This way, you will always have one file in the directory.