India's trade deficit lowest in five months at $13.98 billion in September
- By Reuters |
- Oct 15, 2018
- Last Updated at 16:27 IST
NEW DELHI - India's September trade deficit hit its lowest level in five months at $13.98 billion, the trade ministry said in a statement on Monday.
The figure is despite a rising oil import bill for India, the world's third-biggest crude importer, amid concerns that U.S. sanctions against Iran next month would remove a substantial volume of crude oil from the world markets.
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