Indian Rupee gains on India's upbeat Q2 GDP, narrowed fiscal deficit data

The Indian Rupee (INR) gains sharply against the US Dollar (USD) on Tuesday. The USD/INR pair slumps to near 94.80, the lowest level in two months, amid likely Reserve Bank of India (RBI) intervention, stronger-than-expected Q2 Gross Domestic Product (GDP) data and a narrowed Fiscal Deficit.