Let $R$ be a (not necessarily commutative) ring. Let $\tau$ be an automorphism of $R$. Consider the localisation of $R$ at a set of multiplicative elements which satisfy the ore condition, say $X$. When does $\tau$ extend to $RX^{-1}$?
My thoughts: Since any element of $RX^{-1}$ is of the form $rx^{-1}$, where $r\in R$ and $x\in X$, we are really asking: When is $\tau(x)^{-1}$ defined? This is definitely defined if $X$ is invariant under $\tau$ but is this it? What if $\tau(x)=ux$ where $u$ is a unit in $R$? This seems fine too. But here $X$ is not left invariant. Can anyone help me with the necessary and sufficient conditions?