Rupee weakens to lowest since March 4

The rupee fell as low as 61.95 per dollar on Wednesday, its weakest level since March 4, as traders unwound positions ahead of holidays and at a time when the greenback is gaining globally.

The rupee fell as low as 61.95 per dollar on Wednesday, its weakest level since March 4, as traders unwound positions ahead of holidays and at a time when the greenback is gaining globally.

The pair was last traded at 61.92, weaker than its 61.7450/61.7550 at close on Tuesday.

Markets will be closed from Thursday to Monday due to festivals.