ISLAMABAD, Sept. 5 (Xinhua) -- The Pakistani rupee again picked up a crash mode against the U.S. dollar, hitting another record low as the greenback was traded at 307.10 rupees in the interbank market on Tuesday, according to the State Bank of Pakistan.

       The U.S. dollar closed at the then-record low of 305.64 rupees on Monday. On the second session of the week, the local currency depreciated by 1.46 rupees, or about 0.48 percent, against the U.S. dollar, official figures showed.

       Talking to Xinhua, Faheem Sardar, founder of Tangent, an economics think-tank and corporate advisory, said that three main factors, namely supply, manipulation and speculation, are influencing the value of the rupee.

       He said a lot of dollars are being sent to a neighboring country by-passing the banking channels increasing its demand in the domestic market.

       Moreover, no effective monitoring from the central bank has also resulted in the manipulation of the greenback by the market forces, Sardar added.