(Reuters) - The rupee gained on Monday in tandem with the rise in domestic equities and the surge in euro to a near one-month high.
* At 9:20 a.m., the partially convertible rupee was 48.87/88 per dollar, stronger from Friday at 49.0175/0275, and is likely to move in a range of 48.80 to 49.10 in the day, traders said.
* The euro hovered near a one-month high on Monday after Group of 20 officials said they expected an Oct. 23 European Union summit to decisively address the region's debt woes, supporting hopes for a long-term solution.
* The euro was trading at $1.3842, compared with $1.3784 when the rupee closed on Friday. The index of the dollar against six major currencies was at 76.745 points, below 76.992 on Friday.
* The local benchmark share index rose more than 0.3 percent in early trade after a 4 week closing high on Friday.
