How much money can each IPL team spend in the auction?

Each IPL team was given ₹80 crore to build squads before the player retention event. With one retention each, Kings XI Punjab and RR will go into the auction with ₹67.5 crore each. SRH and KKR, who retained two players each, have ₹59 crore each while MI, CSK and DD can spend ₹47 crore as they retained three players each.