Value of 1976 Indian Rupees today

$100 in 1976

$2,244.58 in 2019

The inflation rate in India between 1976 and today has been 2,144.58%, which translates into a total increase of $2,144.58. This means that 100 rupees in 1976 are equivalent to 2,244.58 rupees in 2019. In other words, the purchasing power of $100 in 1976 equals $2,244.58 today. The average annual inflation rate has been 7.33%.

Inflation timeline in India (1976-2019)

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 (1976-2019) 2,137.41%
Total Inflation* 2,144.58%
Annual inflation avg. (1976-2019) 7.5%
Annual inflation avg.* 7.33%
CPI 1976 5.15
CPI 2019 115.14
CPI today* 115.51
$1 in 1976 $22.37 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 43 years between 1976 and 2019 and the average inflation rate has been 7.3267%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)43 = $2,237.41

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 1976 was 5.15 and the CPI today is 115.51. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/5.15
= $2,237.41

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1976 $22.45 rupees today
$5 rupees in 1976 $112.23 rupees today
$10 rupees in 1976 $224.46 rupees today
$50 rupees in 1976 $1,122.29 rupees today
$100 rupees in 1976 $2,244.58 rupees today
$500 rupees in 1976 $11,222.91 rupees today
$1,000 rupees in 1976 $22,445.81 rupees today
$5,000 rupees in 1976 $112,229.05 rupees today
$10,000 rupees in 1976 $224,458.11 rupees today
$50,000 rupees in 1976 $1,122,290.55 rupees today
$100,000 rupees in 1976 $2,244,581.1 rupees today
$500,000 rupees in 1976 $11,222,905.49 rupees today
$1,000,000 rupees in 1976 $22,445,810.98 rupees today

Value of Rupee in time (by year)

Period Value
1976 100
1977 100
1978 107.86
1979 109.48
1980 122.29
1981 133.4
1982 150.39
1983 162.49
1984 182.73
1985 192.22
1986 205.94
1987 224.91
1988 245.86
1989 267.46
1990 281.96
1991 320.63
1992 362.52
1993 391.53
1994 425.36
1995 465.64
1996 510.76
1997 563.93
1998 599.37
1999 691.21
2000 694.43
2001 718.6
2002 755.66
2003 779.83
2004 808.83
2005 839.44
2006 886.17
2007 944.02
2008 996.06
2009 1,092.69
2010 1,256.22
2011 1,375.15
2012 1,464.35
2013 1,627.88
2014 1,776.55
2015 1,880.61
2016 1,999.55
2017 2,044.14
2018 2,125.91
2019 2,237.41
Today 2,244.58