Steve Smith has retired from one-day international cricket in the wake of Australia’s Champions Trophy semifinal loss to India. Cricket Australia issued a statement Wednesday to confirm the former skipper’s retirement from the 50-over version of the game.

India reached the final of the Champions Trophy with a tense four-wicket victory over Australia in the first semi-final on Tuesday after Virat Kohli starred in yet another successful chase.The outcome means Dubai will host Sunday's final in which India will meet the winner of the other semi-final between South Africa and New Zealand in Lahore on Wednesday.

A storied cricket rivalry will add a new chapter when India and Australia square off in the first semifinal of the Champions Trophy in Dubai.