Value of 1981 Indian Rupees today

$100 in 1981

$1,683.52 in 2019

The inflation rate in India between 1981 and today has been 1,583.52%, which translates into a total increase of $1,583.52. This means that 100 rupees in 1981 are equivalent to 1,683.52 rupees in 2019. In other words, the purchasing power of $100 in 1981 equals $1,683.52 today. The average annual inflation rate has been 7.51%.

Inflation timeline in India (1981-2019)

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 (1981-2019) 1,577.17%
Total Inflation* 1,583.52%
Annual inflation avg. (1981-2019) 7.7%
Annual inflation avg.* 7.51%
CPI 1981 6.87
CPI 2019 115.14
CPI today* 115.58
$1 in 1981 $16.77 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 38 years between 1981 and 2019 and the average inflation rate has been 7.5082%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.08)38 = $1,677.17

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 1981 was 6.87 and the CPI today is 115.58. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/6.87
= $1,677.17

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1981 $16.84 rupees today
$5 rupees in 1981 $84.18 rupees today
$10 rupees in 1981 $168.35 rupees today
$50 rupees in 1981 $841.76 rupees today
$100 rupees in 1981 $1,683.52 rupees today
$500 rupees in 1981 $8,417.6 rupees today
$1,000 rupees in 1981 $16,835.2 rupees today
$5,000 rupees in 1981 $84,176 rupees today
$10,000 rupees in 1981 $168,352.01 rupees today
$50,000 rupees in 1981 $841,760.03 rupees today
$100,000 rupees in 1981 $1,683,520.06 rupees today
$500,000 rupees in 1981 $8,417,600.3 rupees today
$1,000,000 rupees in 1981 $16,835,200.6 rupees today

Value of Rupee in time (by year)

Period Value
1981 100
1982 112.73
1983 121.8
1984 136.98
1985 144.08
1986 154.38
1987 168.59
1988 184.3
1989 200.49
1990 211.36
1991 240.35
1992 271.75
1993 293.49
1994 318.85
1995 349.05
1996 382.86
1997 422.72
1998 449.29
1999 518.13
2000 520.55
2001 538.67
2002 566.44
2003 584.56
2004 606.3
2005 629.25
2006 664.27
2007 707.64
2008 746.65
2009 819.08
2010 941.66
2011 1,030.82
2012 1,097.68
2013 1,220.26
2014 1,331.7
2015 1,409.71
2016 1,498.86
2017 1,532.29
2018 1,593.59
2019 1,677.17
Today 1,683.52