Rupee rises early, oil payments eyed

The rupee rose early on Monday on the back of gains in the euro, but traders were wary about higher demand for dollars from oil importers. At 9:02 a.m , the rupee was at 51.09/10 to the dollar, firmer than last week's close of 51.17/18. - India 'ready' to take benefits of sanctions against Iran - Rupee loses 50 paise, closes below 51-level - Rupee falls on concern of Budget deficit - Rupee drops to 2-week low at 50.70 vs dollar - Rupee falls for the second day - Rupee falls to two-month low, loses 16 paise The euro held near a three-week high against the greenback, while commodity currencies such as the Australian dollar steadied from a hammering last week, though persistent worries on the global economy were seen keeping a lid on their gains.