IPL having problem with dollar increase


    Issue for the franchisees is the fluctuating dollar rate. At the time of the auction, the rate was Rs 40 to a dollar. Now it is Rs 48 to a dollar. A workshop-cum-meeting for the eight franchise-owners of the Indian Premiere League (IPL) will be held in Bangkok, Thailand from 17-19 October. The meeting was earlier supposed to take place in Goa. This meeting, among other things, would discuss raising the cap on the players which was fixed at $6 million per team, players' transfers, etc. This is the first step in the plans to move ahead for the next season.