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Value of 1960 Indian Rupees today

$100 in 1960
$8,474.58 in 2022

The inflation rate in India between 1960 and today has been 8,374.58%, which translates into a total increase of $8,374.58. This means that 100 rupees in 1960 are equivalent to 8,474.58 rupees in 2022. In other words, the purchasing power of $100 in 1960 equals $8,474.58 today. The average annual inflation rate between these periods has been 7.42%.

Inflation timeline in India (1960 - 2022)

The following chart depicts the equivalence of $100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing 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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1960-2021 7,804.48%
Cumulative inflation 1960-today 8,374.58%
Avg. Annual inflation 1960-2021 7.43%
CPI 1960 1.7
CPI 2021 134.44
CPI 2022-07 (latest official data) 143.12
CPI today 144.14

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 Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1960 and 2021, use the corresponding CPI values:

Value2021
=Value1960 ×
CPI2021/CPI1960
=$ 100 ×
134.44/1.7
$7,904.48

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 144.14:

Valuetoday
=Value1960 ×
CPItoday/CPI1960
=$ 100 ×
144.14/1.7
$8,474.58

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: 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 61 years between 1960 and 2021 and the average inflation rate was 7.4268%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.074268)61
$7,904.48

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1960 $79.04 rupees in 2021
$5 rupees in 1960 $395.22 rupees in 2021
$10 rupees in 1960 $790.45 rupees in 2021
$50 rupees in 1960 $3,952.24 rupees in 2021
$100 rupees in 1960 $7,904.48 rupees in 2021
$500 rupees in 1960 $39,522.39 rupees in 2021
$1,000 rupees in 1960 $79,044.79 rupees in 2021
$5,000 rupees in 1960 $395,223.94 rupees in 2021
$10,000 rupees in 1960 $790,447.88 rupees in 2021
$50,000 rupees in 1960 $3,952,239.4 rupees in 2021
$100,000 rupees in 1960 $7,904,478.79 rupees in 2021
$500,000 rupees in 1960 $39,522,393.97 rupees in 2021
$1,000,000 rupees in 1960 $79,044,787.95 rupees in 2021
Cumulative inflation From 1960 8,374.58%
Avg. annual inflation From 1960 7.42%
CPI 1960 1.7
CPI today 144.14

Value of Rupee over time (by year)

Period Value
1960 100
1961 101.7
1962 105.39
1963 108.49
1964 122.98
1965 134.64
1966 149.18
1967 168.67
1968 174.13
1969 173.11
1970 181.92
1971 187.53
1972 199.61
1973 233.42
1974 300.18
1975 317.43
1976 293.2
1977 317.56
1978 325.57
1979 346
1980 385.26
1981 435.78
1982 470.16
1983 525.96
1984 569.72
1985 601.37
1986 653.87
1987 711.42
1988 778.18
1989 833.23
1990 907.98
1991 1,033.92
1992 1,155.79
1993 1,228.92
1994 1,354.86
1995 1,493.39
1996 1,627.45
1997 1,744.05
1998 1,974.8
1999 2,067.02
2000 2,149.9
2001 2,231.15
2002 2,327.02
2003 2,415.58
2004 2,506.59
2005 2,613.02
2006 2,764.49
2007 2,940.67
2008 3,186.19
2009 3,532.92
2010 3,956.5
2011 4,306.98
2012 4,708.06
2013 5,221.6
2014 5,553.34
2015 5,879.46
2016 6,169.96
2017 6,323.65
2018 6,631.02
2019 7,138.94
2020 7,535.96
2021 7,904.48
2022-07 8,414.6
Today 8,474.58

All available years

Today's value of indian rupees by year:

1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

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