Value of 1983 Indian Rupees today

$100 in 1983

$1,381.16 in 2019

The inflation rate in India between 1983 and today has been 1,281.16%, which translates into a total increase of $1,281.16. This means that 100 rupees in 1983 are equivalent to 1,381.16 rupees in 2019. In other words, the purchasing power of $100 in 1983 equals $1,381.16 today. The average annual inflation rate has been 7.35%.

Inflation timeline in India (1983-2019)

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 (1983-2019) 1,276.94%
Total Inflation* 1,281.16%
Annual inflation avg. (1983-2019) 7.56%
Annual inflation avg.* 7.35%
CPI 1983 8.36
CPI 2019 115.14
CPI today* 115.49
$1 in 1983 $13.77 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 36 years between 1983 and 2019 and the average inflation rate has been 7.3538%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)36 = $1,376.94

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 1983 was 8.36 and the CPI today is 115.49. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/8.36
= $1,376.94

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1983 $13.81 rupees today
$5 rupees in 1983 $69.06 rupees today
$10 rupees in 1983 $138.12 rupees today
$50 rupees in 1983 $690.58 rupees today
$100 rupees in 1983 $1,381.16 rupees today
$500 rupees in 1983 $6,905.78 rupees today
$1,000 rupees in 1983 $13,811.55 rupees today
$5,000 rupees in 1983 $69,057.76 rupees today
$10,000 rupees in 1983 $138,115.52 rupees today
$50,000 rupees in 1983 $690,577.59 rupees today
$100,000 rupees in 1983 $1,381,155.19 rupees today
$500,000 rupees in 1983 $6,905,775.94 rupees today
$1,000,000 rupees in 1983 $13,811,551.88 rupees today

Value of Rupee in time (by year)

Period Value
1983 100
1984 112.46
1985 118.29
1986 126.74
1987 138.41
1988 151.31
1989 164.6
1990 173.52
1991 197.32
1992 223.1
1993 240.95
1994 261.77
1995 286.56
1996 314.33
1997 347.05
1998 368.86
1999 425.38
2000 427.37
2001 442.24
2002 465.05
2003 479.92
2004 497.77
2005 516.61
2006 545.36
2007 580.97
2008 612.99
2009 672.46
2010 773.1
2011 846.29
2012 901.19
2013 1,001.83
2014 1,093.32
2015 1,157.36
2016 1,230.56
2017 1,258
2018 1,308.32
2019 1,376.94
Today 1,381.16