Sterling hits five-week high versus dollar
LONDON Dec 12 (Reuters) - Sterling hit a five-week high against the dollar on Wednesday after the number of UK unemployment claims fell unexpectedly in November.
The pound hit a high of $1.6134, its highest level since Nov. 1, before paring gains to last trade close to flat on the day at $1.6120. (Reporting by Philip Baillie, Editing by Nia Williams)
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India has withdrawn the drug pricing authority's powers that allowed it to fix the prices of medicines not deemed essential, after its decision to impose price caps on more than 100 drugs in July triggered industry protests. Article