Rupee jumps 50 paise to 72.50 against US dollar

MUMBAI: The rupee rose by 50 paise to end at 72.50 per US dollar Friday on increased selling of the greenback by exporters amid softening crude oil prices, which slipped below the $70 per barrel mark. The dollar weakened following the US mid-tem election results, which showed Democrats wresting control of the House of Representatives from the ruling Republican party. However, it later staged a recovery after the US Fed kept interest rates unchanged but indicated a hike next month.