Value of 1959 Indian Rupees today

$100 in 1959

$7,059.58 in 2019

The inflation rate in India between 1959 and today has been 6,959.58%, which translates into a total increase of $6,959.58. This means that 100 rupees in 1959 are equivalent to 7,059.58 rupees in 2019. In other words, the purchasing power of $100 in 1959 equals $7,059.58 today. The average annual inflation rate has been 7.23%.

Inflation timeline in India (1959-2019)

The following chart ilustrates the equivalence of $100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (INR) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1959-2019) 6,941.11%
Total Inflation* 6,959.58%
Annual inflation avg. (1959-2019) 7.35%
Annual inflation avg.* 7.23%
CPI 1959 1.64
CPI 2019 115.14
CPI today* 115.44
$1 in 1959 $70.41 in 2019

* Values extrapolated from the last official data to obtain today's values.

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the compound interest formula or the Consumer Price Index (CPI) formula.

Using the compound interest formula

Given that money changes in time as a result of an inflation rate that acts as a compound interest, the following formula can be used: FV = PV (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are $100 worth today. There are 60 years between 1959 and 2019 and the average inflation rate has been 7.2279%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)60 = $7,041.11

Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1959 was 1.64 and the CPI today is 115.44. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/1.64
= $7,041.11

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1959 $70.6 rupees today
$5 rupees in 1959 $352.98 rupees today
$10 rupees in 1959 $705.96 rupees today
$50 rupees in 1959 $3,529.79 rupees today
$100 rupees in 1959 $7,059.58 rupees today
$500 rupees in 1959 $35,297.88 rupees today
$1,000 rupees in 1959 $70,595.77 rupees today
$5,000 rupees in 1959 $352,978.84 rupees today
$10,000 rupees in 1959 $705,957.68 rupees today
$50,000 rupees in 1959 $3,529,788.39 rupees today
$100,000 rupees in 1959 $7,059,576.79 rupees today
$500,000 rupees in 1959 $35,297,883.94 rupees today
$1,000,000 rupees in 1959 $70,595,767.87 rupees today

Value of Rupee in time (by year)

Period Value
1959 100
1960 104.23
1961 104.23
1962 107.57
1963 110.24
1964 117.82
1965 137.86
1966 145.43
1967 165.7
1968 179.96
1969 175.95
1970 182.18
1971 191.31
1972 200.67
1973 216.04
1974 267.48
1975 335.41
1976 314.7
1977 314.7
1978 339.42
1979 344.54
1980 384.86
1981 419.82
1982 473.27
1983 511.36
1984 575.06
1985 604.9
1986 648.11
1987 707.79
1988 773.72
1989 841.7
1990 887.33
1991 1,009.03
1992 1,140.86
1993 1,232.13
1994 1,338.61
1995 1,465.37
1996 1,607.34
1997 1,774.67
1998 1,886.22
1999 2,175.24
2000 2,185.38
2001 2,261.43
2002 2,378.06
2003 2,454.11
2004 2,545.38
2005 2,641.72
2006 2,788.76
2007 2,970.83
2008 3,134.58
2009 3,438.68
2010 3,953.31
2011 4,327.59
2012 4,608.3
2013 5,122.93
2014 5,590.78
2015 5,918.27
2016 6,292.56
2017 6,432.9
2018 6,690.22
2019 7,041.11
Today 7,059.58