The influence of Coulomb correlations on magnetic and spectral properties in the metallic rutile phase of vanadium dioxide is studied by state of the art LDA + DMFT method. Calculation results in strongly correlated metallic state with an effective mass renormalization m*/m ≈ 2. Uniform magnetic susceptibility shows Curie-Weiss temperature dependence with effective magnetic moment, pefftheor = 1.54μB, in a good agreement with the experimental value peffexp = 1.53μB that is close to ideal value for V4+ ion with the spin S = 1/2, peff = 1.73μB. Calculated spectral function shows well developed Hubbard bands observable in the recent experimental photoemission spectra. We conclude that VO2 in rutile phase is strongly correlated metal with local magnetic moments formed by vanadium d-electrons.