Karthik
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Come 2014, the IPL auction could be conducted in Indian rupees due to fluctuating exchange rates. According to sources in the Indian cricket board (BCCI), the IPL governing council is mulling the move to help the franchises get a clear idea of what a player's actual salary will be.
The auction is likely to be held in rupees rather than dollars. The IPL think tank wants to bring in this change," a top BCCI official told TOI on Tuesday. In its inaugural auction in 2008, IPL had a standard rate of Rs 40 per dollar irrespective of the market value of the currencies. To this day, Indian cricketers are paid at the same rate. But as the rupee's value fell drastically, team owners had to shell out more for foreign cricketers.
Indiantelevision.com's Morning News Digest
The auction is likely to be held in rupees rather than dollars. The IPL think tank wants to bring in this change," a top BCCI official told TOI on Tuesday. In its inaugural auction in 2008, IPL had a standard rate of Rs 40 per dollar irrespective of the market value of the currencies. To this day, Indian cricketers are paid at the same rate. But as the rupee's value fell drastically, team owners had to shell out more for foreign cricketers.
Indiantelevision.com's Morning News Digest
