We support T20 leagues in new territories but nothing on table yet in Saudi Arabia: IPL chairman
New Delhi (PTI): Nearing two decades of existence, brand IPL has become stronger than ever and doesn't see any threat from the growing number of T20 leagues globally, its chairman Arun Dhumal said on Saturday as he steered clear of the speculation swirling around an event backed by Saudi Arabia.
Speaking to PTI as the league enters its 18th edition, Dhumal said the BCCI supports the rise in number of T20 leagues globally, especially in unchartered territories like Saudi Arabia, Europe and the USA. He feels the growth will eventually help the game ahead of the 2028 Los Angeles Olympics where cricket will be played.
"There is no point discussing something on the basis of speculation. There is nothing on the table for discussion with everyone (all stakeholders). And as far as my knowledge goes, there is no infrastructure as of now in Saudi Arabia that can cater to a tournament of this scale.
"So, there is no point discussing speculative stories," said the IPL chairman.
Plenty has been reported in international media about the oil-rich Saudi Arabia foraying into cricket over the last two years but nothing concrete has come out of those speculations.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Rupee declines 27 paise to 90.95 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 27 paise to 90.95 against the US dollar in early trade on Friday, weighed down by a strong American currency and higher crude oil prices due to the escalated geopolitical tension.
A selling rush in domestic equities further pressured the Indian currency, forex traders said.
At the interbank foreign exchange, the rupee opened at 90.94 and slipped further to trade at 90.95 against the greenback in early deals, losing 27 paise from its previous closing level.
The rupee rose 4 paise to settle at 90.68 against the US dollar on Wednesday. The currency exchange markets were closed on Thursday on account of Chatrapati Shivaji Maharaj Jayanti.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 97.89.
Brent crude, the global oil benchmark, was trading 0.14 per cent higher at USD 71.77 per barrel in futures trade.
Analysts attributed the strengthening dollar and crude prices to heightened tension between the US and Iran, with both countries signalling they are prepared for war if talks on Tehran's nuclear programme fizzle out.
On the domestic equity market front, Sensex fell 150.35 points to 82,347.79 in early trade while the Nifty declined 35.15 points to 25,419.20.
On Thursday, foreign institutional investors offloaded equities worth Rs 880.49 crore, according to exchange data.
_vb_94.jpeg)
