Inflationary pressure may build up ahead: BofA Merrill Lynch
India's wholesale inflation unexpectedly fell in July to 6.87 per cent, its lowest level since January 2010. Jyotivardhan Jaipuria, Head of Research, BofA Merrill Lynch told NDTV Profit that inflationary pressure is likely to build up ahead in the next three months. "Poor monsoon affected inflation. The RBI will cut rates for FY13," he added.
