Gaikindo, Indonesia’s auto makers’ association, upwardly revises domestic vehicle sales forecasts to 320,000 units this year from 300,000, as the economy continues to show signs of stability. The strengthening of the rupiah against the dollar is credited with boosting car sales and strengthening the country’s economy. Lower inflation also has been a positive factor in raising consumer confidence. The rupiah has been rallying since the beginning of this year and now hovers at a 9-month ...
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