Roundup: Indonesian industries struggle with weaker rupiah amidst U.S. rate hike
JAKARTA, June 25 (Xinhua) -- Indonesian industries that depend on imported raw materials are grappling with the depreciation of the Indonesian rupiah against the U.S. dollar.
The strengthening of the dollar drives up the cost of raw materials and logistics tariffs, raising manufacturing expenses. While adjusting prices is challenging due to low domestic purchasing power, worker efficiency may be the last option.