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Value of 1983 Indian Rupees today

$100 in 1983
$1,564.1 in 2022

The inflation rate in India between 1983 and today has been 1,464.1%, which translates into a total increase of $1,464.1. This means that 100 rupees in 1983 are equivalent to 1,564.1 rupees in 2022. In other words, the purchasing power of $100 in 1983 equals $1,564.1 today. The average annual inflation rate between these periods has been 7.31%.

Inflation timeline in India (1983 - 2022)

The following chart depicts the equivalence of $100 due to compound 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 extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1983-2021 1,402.86%
Cumulative inflation 1983-today 1,464.1%
Avg. Annual inflation 1983-2021 7.39%
CPI 1983 8.95
CPI 2021 134.44
CPI 2022-03 (latest official data) 138.82
CPI today 139.92

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 Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1983 and 2021, use the corresponding CPI values:

Value2021
=Value1983 ×
CPI2021/CPI1983
=$ 100 ×
134.44/8.95
$1,502.86

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 139.92:

Valuetoday
=Value1983 ×
CPItoday/CPI1983
=$ 100 ×
139.92/8.95
$1,564.1

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: 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 1983 and 2021 and the average inflation rate was 7.3919%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.073919)38
$1,502.86

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1983 $15.03 rupees in 2021
$5 rupees in 1983 $75.14 rupees in 2021
$10 rupees in 1983 $150.29 rupees in 2021
$50 rupees in 1983 $751.43 rupees in 2021
$100 rupees in 1983 $1,502.86 rupees in 2021
$500 rupees in 1983 $7,514.29 rupees in 2021
$1,000 rupees in 1983 $15,028.57 rupees in 2021
$5,000 rupees in 1983 $75,142.85 rupees in 2021
$10,000 rupees in 1983 $150,285.7 rupees in 2021
$50,000 rupees in 1983 $751,428.52 rupees in 2021
$100,000 rupees in 1983 $1,502,857.05 rupees in 2021
$500,000 rupees in 1983 $7,514,285.23 rupees in 2021
$1,000,000 rupees in 1983 $15,028,570.45 rupees in 2021
Cumulative inflation From 1983 1,464.1%
Avg. annual inflation From 1983 7.31%
CPI 1983 8.95
CPI today 139.92

Value of Rupee over time (by year)

Period Value
1983 100
1984 108.32
1985 114.34
1986 124.32
1987 135.26
1988 147.95
1989 158.42
1990 172.63
1991 196.58
1992 219.75
1993 233.65
1994 257.6
1995 283.93
1996 309.42
1997 331.59
1998 375.46
1999 393
2000 408.75
2001 424.2
2002 442.43
2003 459.27
2004 476.57
2005 496.81
2006 525.6
2007 559.1
2008 605.78
2009 671.71
2010 752.24
2011 818.87
2012 895.13
2013 992.77
2014 1,055.84
2015 1,117.85
2016 1,173.08
2017 1,202.3
2018 1,260.74
2019 1,357.31
2020 1,432.79
2021 1,502.86
2022-03 1,551.81
Today 1,564.1

All available years

Today's value of indian rupees by year:

1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

Other currencies: