ICC congratulates England on 1000th Test
Dubai, July 30: The International Cricket Council (ICC) on Monday congratulated the England and Wales Cricket Board (ECB) with their mens team preparing to play their 1000th Test match, which begins at Edgbaston in Birmingham against India on Wednesday.
Out of the 999 men's Tests to date since their debut Test against Australia at the Melbourne Cricket Ground in March 1877, England have won 357 and lost 297 with 345 ending in draws, according to an ICC statement.
At Edgbaston alone, the venue of the 1000th Test, England have played 50 Tests to date since their first Test in May 1902 against Australia, winning 27, losing eight with 15 ending in draws.
Congratulating the English side, ICC Chairman Shashank Manohar said: "On behalf of the cricket family, I want to congratulate England on their 1000th men's Test match, the first country to reach this milestone."
"I wish England all the best in this historic match and may it continue to produce players and performances that inspire the following of Test cricket, the oldest and most demanding format of the game."
To commemorate the occasion, former New Zealand captain and match referee Jeff Crowe, on behalf of the ICC, will present a silver plaque to ECB Chairman Colin Graves before the start of the Test.
England have dominated India since their first Test in June 1932, winning 43 and losing 25 out of a total of 117 Tests. On home turf, England have won 30 Tests and India have emerged winners on six occasions with 21 Tests ending in draws.
Edgbaston has hosted six Tests between the two sides, with England leading 5-0 on a head-to-head count. These statistics will give England further impetus to improve their current ranking of fifth on the ICC Test Team Rankings.
If England make a 5-0 sweep, then they will jump to second on the table with a 10-point rise to 107 points, reducing the pre-series gap with top-ranked India from 28 points to just five points.
In contrast, if India can display their strength and prowess which has made them the highest-ranked side in the world, then they will further strengthen their grip on the top spot.
If India wins 5-0, then they will rise to 129 points and England will drop to sixth place on 94 points.
The followers of the most challenging format of the game will also be keeping a close watch on the ICC Test Player rankings as India captain Virat Kohli will look to snatch the coveted number one position from Australia's Steve Smith, while England fast bowler James Anderson will aim to defend his number one ranking.
Kohli trails Smith by 26 points and will have to produce a string of strong performances to leapfrog the Australian, while Anderson will also need wickets to either defend or consolidate his top spot.
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Rupee plunges 28 paise to settle at 93.44 against US dollar
Mumbai (PTI): The rupee declined 28 paise to close at 93.44 against the US dollar on Tuesday, weighed down by a steady American currency and volatile crude oil prices amid uncertainties over the progress of West Asia peace negotiations.
Positive domestic equity markets failed to boost local currency, which also had some impact of the Reserve Bank's latest move to ease curbs on speculative bets in non-deliverable forward markets, forex analysts said.
The Reserve Bank on Monday partially withdrew directives taken on April 1 to curb excessive speculation in the rupee. The banking regulator had capped the net open positions in non-deliverable forward markets at USD 100 million, mandating banks to comply by April 10.
Under revised directives, authorised dealers or banks can resume offering non-deliverable derivative contracts involving INR to resident or non-resident users, but must comply with certain restrictions on related-party transactions. Also, the USD 100-million cap in net open position is still effective.
At the interbank foreign exchange market, the rupee opened at 93.25 and fell to an intra-day low of 93.63 before ending the session 28 paise lower at 93.44 against the greenback.
On Monday, the rupee settled with a loss of 25 paise at 93.16 against the US dollar. The currency had gained 47 paise in the preceding two sessions.
Anuj Choudhary, Research Analyst at Mirae Asset ShareKhan, said the rupee fell on uncertainty over US-Iran talks and a surge in crude oil prices. A strong dollar also pressured the rupee; however, positive global markets cushioned the downside.
"Traders may take cues from retail sales and ADP employment change data from the US. USD-INR spot price is expected to trade in a range of Rs 93.30 to Rs 93.90," Choudhary said.
Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said the rupee traded weaker as recent RBI adjustments and partial rollback of earlier currency-support measures added pressure on the local unit.
"At the same time, the dollar remains steady while crude and gold are relatively stable, with markets closely watching the outcome of US-Iran ceasefire developments expected tomorrow. The rupee is likely to remain highly event-driven, with direction dependent on geopolitical clarity and RBI stance," Trivedi said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.19 per cent to 98.09.
Brent crude, the global oil benchmark, was trading 0.70 per cent down at USD 94.81 per barrel in futures trade.
Analysts attributed the volatility in crude prices to persistent worries over disruptions of supplies of oil from the Strait of Hormuz. Also, the ceasefire agreement between the United States and Iran is scheduled to expire on Wednesday.
In a latest development, Iran's chief negotiator on Tuesday said Tehran would not negotiate in the face of threats, while US President Donald Trump hinted that he was in no rush to end the conflict with Iran.
In the domestic equity markets the 30-share Sensex rose 753.03 points, or 0.96 per cent, to settle at 79,273.33, while the Nifty rose 211.75 points, or 0.87 per cent, to 24,576.60.
Foreign Institutional Investors offloaded equities worth about Rs 1,918.99 crore on Tuesday, according to the exchange data.
