India's trade deficit lowest in five months at $13.98 billion in September

NEW DELHI (Reuters) - 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.

(Reporting by Manoj Kumar, writing by Alasdair Pal; Editing by Malini Menon)