Credit Policy: Re zooms to 41.17/$

The feel-good Credit Policy saw the rupee surge 51 paise against the US dollar, and was traded at 41.17 per dollar in noon deals today.

The government bonds rose pushing 10-year yields down to the lowest this month. Bonds rallied and the yield on the benchmark 8.07% bond due for 2017 fell 4 basis points to 8.03%.