KARACHI (Reuters) In the money market, overnight rates ended flat at the top level of 13.40 percent, amid increased liquidity in the inter bank market. The Pakistani rupee hits a record low on Monday, hit by increased payments for imports and gloomy sentiment surrounding the countrys economy, with dealers expecting the currency to weaken further in coming days. It was the fourth trading day of falls running for the local currency, closing at 87.40/45 to the dollar compared with 87.22/27 last Tuesday, the last day of trading before the Eid public holiday. The rupee was traded at 87.47 to the dollar and there are several payments due tomorrow, said a dealer at a foreign bank. Stalled payments from a bailout programme by the International Monetary Fund (IMF) are also hammering the rupee. The IMF has criticized the Pakistan government for its patchy implementation of fiscal reforms and has held back the sixth tranche of an $11 billion bailout programme for more than a year.