<h1>Indian rupee edges lower as exports fall and trade deficit widens amid surging gold and silver imports.</h1> The rupee fell to 88.61 per US dollar in range-bound trade, influenced by equity weakness, foreign fund inflows, lower crude prices and a softer dollar. Market volatility is expected around US economic releases. India's exports contracted while the trade deficit widened to a record, largely due to substantial increases in gold and silver imports and higher inbound shipments of commodities; crude oil import values declined year-on-year.