MUMBAI, Oct 24 Reuters The Indian rupee ended largely unchanged on Thursday, as likely outflows from local equities prevented it from mirroring the rise in its Asian peers, although staterun banks39; dollar sales helped keep the currency above its alltime low.

The rupee closed at 84.0775 against the U.S. dollar, compared with its close at 84.08 in the previous session. It hit a record low of 84.0825 earlier in the week.

The dollar index declined 0.2 to 104.1 after touching a near threemonth peak on Wednesday, while Asian currencies were mostly stronger on the day.

However, the benchmark Indian equity indices, the BSE Sensex and Nifty 50, declined for the fourth consecutive session.

Likely outflows from local stocks kept the rupee under pressure but dollar offers from staterun banks prevented a steeper decline, a trader at a large private bank said.

Like on most days this week, staterun banks were on offer on USDINR near 84.077584.08, most likely on the Reserve Bank of India39;s RBI behalf, the trader added.

The RBI39;s routine interventions have helped the rupee avert sharp declines despite equity outflows surging to 9 billion for the month and the gains in Treasury yields and the dollar on heightened odds of a second term for Donald Trump as U.S. president.

Financial markets have been gripped by the recent dollar upmove, which has kept USDINR above 84, DBS Bank said in a note.

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