Value of 1973 Indian Rupees today

$100 in 1973

$3,264.93 in 2019

The inflation rate in India between 1973 and today has been 3,164.93%, which translates into a total increase of $3,164.93. This means that 100 rupees in 1973 are equivalent to 3,264.93 rupees in 2019. In other words, the purchasing power of $100 in 1973 equals $3,264.93 today. The average annual inflation rate has been 7.7%.

Inflation timeline in India (1973-2019)

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 (1973-2019) 3,159.24%
Total Inflation* 3,164.93%
Annual inflation avg. (1973-2019) 7.87%
Annual inflation avg.* 7.7%
CPI 1973 3.53
CPI 2019 115.14
CPI today* 115.34
$1 in 1973 $32.59 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 46 years between 1973 and 2019 and the average inflation rate has been 7.6986%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.08)46 = $3,259.24

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 1973 was 3.53 and the CPI today is 115.34. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/3.53
= $3,259.24

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1973 $32.65 rupees today
$5 rupees in 1973 $163.25 rupees today
$10 rupees in 1973 $326.49 rupees today
$50 rupees in 1973 $1,632.47 rupees today
$100 rupees in 1973 $3,264.93 rupees today
$500 rupees in 1973 $16,324.67 rupees today
$1,000 rupees in 1973 $32,649.35 rupees today
$5,000 rupees in 1973 $163,246.75 rupees today
$10,000 rupees in 1973 $326,493.5 rupees today
$50,000 rupees in 1973 $1,632,467.49 rupees today
$100,000 rupees in 1973 $3,264,934.97 rupees today
$500,000 rupees in 1973 $16,324,674.85 rupees today
$1,000,000 rupees in 1973 $32,649,349.7 rupees today

Value of Rupee in time (by year)

Period Value
1973 100
1974 123.81
1975 155.26
1976 145.67
1977 145.67
1978 157.11
1979 159.48
1980 178.14
1981 194.33
1982 219.07
1983 236.7
1984 266.19
1985 280
1986 300
1987 327.63
1988 358.14
1989 389.61
1990 410.74
1991 467.06
1992 528.09
1993 570.34
1994 619.62
1995 678.3
1996 744.02
1997 821.47
1998 873.11
1999 1,006.89
2000 1,011.58
2001 1,046.79
2002 1,100.77
2003 1,135.98
2004 1,178.22
2005 1,222.82
2006 1,290.88
2007 1,375.16
2008 1,450.96
2009 1,591.72
2010 1,829.94
2011 2,003.18
2012 2,133.12
2013 2,371.34
2014 2,587.9
2015 2,739.49
2016 2,912.74
2017 2,977.71
2018 3,096.82
2019 3,259.24
Today 3,264.93