Rupee trades stronger at 61.05 to the dollar; gains eight paise

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 Rupee trades stronger at 61.05 to the dollar; gains eight paise
The rupee was trading with marginal gains in early morning trade and was up eight paise at 61.05 to the dollar. The currency had closed at 61.13 to the dollar on Monday.

Global cues were quiet leading to some gains after a huge loss of 49 paise witnessed on Monday, after worries that the US Fed may announce a hike in interest rates sooner than expected in the US.

The rupee is expected to remain volatile ahead of the US Fed Meeting outcome which will be known by Wednesday. Check currency rates here

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