Value of 1963 Indian Rupees today

$100 in 1963

$6,407.26 in 2019

The inflation rate in India between 1963 and today has been 6,307.26%, which translates into a total increase of $6,307.26. This means that 100 rupees in 1963 are equivalent to 6,407.26 rupees in 2019. In other words, the purchasing power of $100 in 1963 equals $6,407.26 today. The average annual inflation rate has been 7.57%.

Inflation timeline in India (1963-2019)

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 (1963-2019) 6,286.79%
Total Inflation* 6,307.26%
Annual inflation avg. (1963-2019) 7.71%
Annual inflation avg.* 7.57%
CPI 1963 1.8
CPI 2019 115.14
CPI today* 115.51
$1 in 1963 $63.87 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 56 years between 1963 and 2019 and the average inflation rate has been 7.5712%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.08)56 = $6,386.79

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 1963 was 1.8 and the CPI today is 115.51. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/1.8
= $6,386.79

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1963 $64.07 rupees today
$5 rupees in 1963 $320.36 rupees today
$10 rupees in 1963 $640.73 rupees today
$50 rupees in 1963 $3,203.63 rupees today
$100 rupees in 1963 $6,407.26 rupees today
$500 rupees in 1963 $32,036.29 rupees today
$1,000 rupees in 1963 $64,072.58 rupees today
$5,000 rupees in 1963 $320,362.91 rupees today
$10,000 rupees in 1963 $640,725.81 rupees today
$50,000 rupees in 1963 $3,203,629.07 rupees today
$100,000 rupees in 1963 $6,407,258.14 rupees today
$500,000 rupees in 1963 $32,036,290.68 rupees today
$1,000,000 rupees in 1963 $64,072,581.36 rupees today

Value of Rupee in time (by year)

Period Value
1963 100
1964 106.87
1965 125.05
1966 131.92
1967 150.3
1968 163.23
1969 159.6
1970 165.25
1971 173.54
1972 182.02
1973 195.96
1974 242.63
1975 304.24
1976 285.45
1977 285.45
1978 307.88
1979 312.53
1980 349.09
1981 380.81
1982 429.29
1983 463.84
1984 521.62
1985 548.69
1986 587.88
1987 642.02
1988 701.82
1989 763.48
1990 804.88
1991 915.26
1992 1,034.84
1993 1,117.63
1994 1,214.21
1995 1,329.19
1996 1,457.97
1997 1,609.75
1998 1,710.93
1999 1,973.09
2000 1,982.29
2001 2,051.28
2002 2,157.07
2003 2,226.05
2004 2,308.84
2005 2,396.23
2006 2,529.61
2007 2,694.76
2008 2,843.29
2009 3,119.13
2010 3,585.94
2011 3,925.43
2012 4,180.06
2013 4,646.86
2014 5,071.23
2015 5,368.29
2016 5,707.79
2017 5,835.1
2018 6,068.51
2019 6,386.79
Today 6,407.26