ISLAMABAD, Sept. 4 (Xinhua) -- The Pakistani rupee again declines against the U.S. dollar, hitting another record low as the greenback was traded at 305.64 rupees in the interbank market on Monday, according to the State Bank of Pakistan.
The U.S. dollar closed at 305.47 rupees on Friday. On the first session of the week, the local currency depreciated by 0.17 rupee, or about 0.06 percent, against the U.S. dollar, official figures showed.
The Pakistani currency after crashing for 10 consecutive sessions and hitting a record low, gained a slight recovery on Friday.
Reportedly, Pakistani Chief of Army Staff Asim Munir recently met local businessmen and assured them that the government is taking important and effective steps for economic reforms to generate revenue while engaging with other countries to bring foreign investment to Pakistan.
He said that the government is focusing on making different task forces to achieve the desired objectives in order to curb the deepening economic crisis in the South Asian country. ■
