Rupee Gains In Early Trade; Opens at 61.95

The Rupee gained ground in early trade opening at 61.95 to the dollar, as against its previous close of 62.12 to the dollar. The rupee is expected to remain strong in early trade on the back of strong global cues.

Stock indices across the globe were trading strong after reports that US Employers had created far more jobs than expectations. U.S. employers created 321,000 jobs last month, the largest gain since January 2012, and which was way above consensus estimates.

The rupee is likely to stay strong also on falling crude prices, which should improve the crude import data and help the Indian rupee.

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