MUMBAI, Oct 31 Reuters The Indian rupee ended near an alltime low against the dollar on Thursday amid outflows from equities and anxiety over the outcome of the U.S. election, but the central bank39;s intervention kept the local currency in a narrow range through October.

The rupee closed at 84.0750 against the U.S. dollar, nearly unchanged from its close of 84.0775 on Wednesday. Indian currency market will remain closed on Friday for a public holiday.

The currency briefly hit a record low of 84.0950 in Friday39;s session. In October, the rupee fell 0.3 and moved in a range of 83.79 to 84.0950.

The Reserve Bank of India39;s relentless intervention has limited the rupee39;s fall and helped it outperform against major Asian peers ahead of the U.S. presidential election on Nov. 5.

The RBI sold dollars on almost all days in the last two weeks to ensure a measured depreciation of the rupee.

A win for Republican candidate Donald Trump could spark a rally in the dollar index , lift U.S. Treasury yields and undermine Asian currencies.

The RBI is wellequipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Trump wins the U.S. presidential election, Reuters reported.

The central bank39;s defence of the rupee could, however, leave importers and exporters complacent to rising risks in the global markets, analysts said.

The RBI39;s actions could lead to complacency and major debacle in the event of any global turmoil or a black swan…