Value of 1967 Indian Rupees today

$100 in 1967

$4,265.37 in 2019

The inflation rate in India between 1967 and today has been 4,165.37%, which translates into a total increase of $4,165.37. This means that 100 rupees in 1967 are equivalent to 4,265.37 rupees in 2019. In other words, the purchasing power of $100 in 1967 equals $4,265.37 today. The average annual inflation rate has been 7.34%.

Inflation timeline in India (1967-2019)

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 (1967-2019) 4,149.27%
Total Inflation* 4,165.37%
Annual inflation avg. (1967-2019) 7.48%
Annual inflation avg.* 7.34%
CPI 1967 2.71
CPI 2019 115.14
CPI today* 115.58
$1 in 1967 $42.49 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 52 years between 1967 and 2019 and the average inflation rate has been 7.3381%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)52 = $4,249.27

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 1967 was 2.71 and the CPI today is 115.58. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/2.71
= $4,249.27

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1967 $42.65 rupees today
$5 rupees in 1967 $213.27 rupees today
$10 rupees in 1967 $426.54 rupees today
$50 rupees in 1967 $2,132.68 rupees today
$100 rupees in 1967 $4,265.37 rupees today
$500 rupees in 1967 $21,326.85 rupees today
$1,000 rupees in 1967 $42,653.7 rupees today
$5,000 rupees in 1967 $213,268.5 rupees today
$10,000 rupees in 1967 $426,536.99 rupees today
$50,000 rupees in 1967 $2,132,684.96 rupees today
$100,000 rupees in 1967 $4,265,369.91 rupees today
$500,000 rupees in 1967 $21,326,849.57 rupees today
$1,000,000 rupees in 1967 $42,653,699.13 rupees today

Value of Rupee in time (by year)

Period Value
1967 100
1968 108.6
1969 106.18
1970 109.95
1971 115.46
1972 121.1
1973 130.38
1974 161.42
1975 202.42
1976 189.92
1977 189.92
1978 204.84
1979 207.93
1980 232.26
1981 253.36
1982 285.62
1983 308.6
1984 347.04
1985 365.05
1986 391.13
1987 427.15
1988 466.94
1989 507.96
1990 535.5
1991 608.94
1992 688.5
1993 743.58
1994 807.84
1995 884.34
1996 970.02
1997 1,071
1998 1,138.32
1999 1,312.74
2000 1,318.86
2001 1,364.76
2002 1,435.14
2003 1,481.04
2004 1,536.12
2005 1,594.26
2006 1,683
2007 1,792.88
2008 1,891.7
2009 2,075.23
2010 2,385.8
2011 2,611.68
2012 2,781.09
2013 3,091.66
2014 3,374.01
2015 3,571.65
2016 3,797.52
2017 3,882.22
2018 4,037.52
2019 4,249.27
Today 4,265.37