The rupee was trading weak by 7 paise at 61.43 against the dollar at 4.05 p.m. local time at the Interbank foreign exchange market due to dollar buying by importers and the dollar's against other currencies overseas.
After opening 15 paise lower at 61.51 per dollar against the previous close of 61.36, the domestic unit hovered in the range of 61.37 and 61.51 in the afternoon trade.
The US dollar touched seven-year peak versus the yen on Monday as markets basked in the afterglow of the Bank of Japan's surprise stimulus push and looked forward to at least a hint of fresh action from European policy makers this week.
Forex dealers said besides the dollar’s gains against other currencies in the global market, increased demand for the American unit from importers weighed on the rupee.
The rupee had gained nine paise to close at 61.36 against the dollar in the previous session on Friday.