Value of 1962 Indian Rupees today

$100 in 1962

$6,565.49 in 2019

The inflation rate in India between 1962 and today has been 6,465.49%, which translates into a total increase of $6,465.49. This means that 100 rupees in 1962 are equivalent to 6,565.49 rupees in 2019. In other words, the purchasing power of $100 in 1962 equals $6,565.49 today. The average annual inflation rate has been 7.48%.

Inflation timeline in India (1962-2019)

The following chart depicts the equivalence of $100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1962-2019) 6,445.47%
Total Inflation* 6,465.49%
Annual inflation avg. (1962-2019) 7.61%
Annual inflation avg.* 7.48%
CPI 1962 1.76
CPI 2019 115.14
CPI today* 115.49
$1 in 1962 $65.45 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 57 years between 1962 and 2019 and the average inflation rate has been 7.4811%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)57 = $6,545.47

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 1962 was 1.76 and the CPI today is 115.49. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/1.76
= $6,545.47

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1962 $65.65 rupees today
$5 rupees in 1962 $328.27 rupees today
$10 rupees in 1962 $656.55 rupees today
$50 rupees in 1962 $3,282.75 rupees today
$100 rupees in 1962 $6,565.49 rupees today
$500 rupees in 1962 $32,827.46 rupees today
$1,000 rupees in 1962 $65,654.93 rupees today
$5,000 rupees in 1962 $328,274.63 rupees today
$10,000 rupees in 1962 $656,549.26 rupees today
$50,000 rupees in 1962 $3,282,746.32 rupees today
$100,000 rupees in 1962 $6,565,492.64 rupees today
$500,000 rupees in 1962 $32,827,463.18 rupees today
$1,000,000 rupees in 1962 $65,654,926.35 rupees today

Value of Rupee in time (by year)

Period Value
1962 100
1963 102.48
1964 109.52
1965 128.16
1966 135.2
1967 154.04
1968 167.29
1969 163.56
1970 169.36
1971 177.85
1972 186.54
1973 200.83
1974 248.65
1975 311.8
1976 292.55
1977 292.55
1978 315.53
1979 320.29
1980 357.76
1981 390.27
1982 439.96
1983 475.36
1984 534.58
1985 562.32
1986 602.48
1987 657.97
1988 719.26
1989 782.45
1990 824.87
1991 938
1992 1,060.55
1993 1,145.39
1994 1,244.38
1995 1,362.22
1996 1,494.2
1997 1,649.74
1998 1,753.44
1999 2,022.12
2000 2,031.54
2001 2,102.25
2002 2,210.66
2003 2,281.36
2004 2,366.2
2005 2,455.76
2006 2,592.46
2007 2,761.71
2008 2,913.93
2009 3,196.62
2010 3,675.03
2011 4,022.96
2012 4,283.91
2013 4,762.31
2014 5,197.23
2015 5,501.67
2016 5,849.6
2017 5,980.07
2018 6,219.28
2019 6,545.47
Today 6,565.49