Value of 1960 Indian Rupees today

$100 in 1960

$6,780.84 in 2019

The inflation rate in India between 1960 and today has been 6,680.84%, which translates into a total increase of $6,680.84. This means that 100 rupees in 1960 are equivalent to 6,780.84 rupees in 2019. In other words, the purchasing power of $100 in 1960 equals $6,780.84 today. The average annual inflation rate has been 7.28%.

Inflation timeline in India (1960-2019)

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 (1960-2019) 6,655.25%
Total Inflation* 6,680.84%
Annual inflation avg. (1960-2019) 7.4%
Annual inflation avg.* 7.28%
CPI 1960 1.7
CPI 2019 115.14
CPI today* 115.58
$1 in 1960 $67.55 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 59 years between 1960 and 2019 and the average inflation rate has been 7.2806%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)59 = $6,755.25

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 1960 was 1.7 and the CPI today is 115.58. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/1.7
= $6,755.25

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1960 $67.81 rupees today
$5 rupees in 1960 $339.04 rupees today
$10 rupees in 1960 $678.08 rupees today
$50 rupees in 1960 $3,390.42 rupees today
$100 rupees in 1960 $6,780.84 rupees today
$500 rupees in 1960 $33,904.22 rupees today
$1,000 rupees in 1960 $67,808.43 rupees today
$5,000 rupees in 1960 $339,042.15 rupees today
$10,000 rupees in 1960 $678,084.31 rupees today
$50,000 rupees in 1960 $3,390,421.53 rupees today
$100,000 rupees in 1960 $6,780,843.07 rupees today
$500,000 rupees in 1960 $33,904,215.33 rupees today
$1,000,000 rupees in 1960 $67,808,430.66 rupees today

Value of Rupee in time (by year)

Period Value
1960 100
1961 100
1962 103.21
1963 105.77
1964 113.03
1965 132.26
1966 139.53
1967 158.97
1968 172.65
1969 168.8
1970 174.79
1971 183.55
1972 192.52
1973 207.26
1974 256.62
1975 321.79
1976 301.92
1977 301.92
1978 325.64
1979 330.56
1980 369.23
1981 402.78
1982 454.06
1983 490.6
1984 551.71
1985 580.34
1986 621.79
1987 679.06
1988 742.31
1989 807.53
1990 851.31
1991 968.06
1992 1,094.54
1993 1,182.1
1994 1,284.26
1995 1,405.88
1996 1,542.09
1997 1,702.62
1998 1,809.64
1999 2,086.93
2000 2,096.65
2001 2,169.62
2002 2,281.51
2003 2,354.48
2004 2,442.04
2005 2,534.47
2006 2,675.55
2007 2,850.22
2008 3,007.32
2009 3,299.08
2010 3,792.82
2011 4,151.9
2012 4,421.21
2013 4,914.95
2014 5,363.81
2015 5,678
2016 6,037.09
2017 6,171.74
2018 6,418.61
2019 6,755.25
Today 6,780.84