Value of 1984 Indian Rupees today

$100 in 1984

$1,228.53 in 2019

The inflation rate in India between 1984 and today has been 1,128.53%, which translates into a total increase of $1,128.53. This means that 100 rupees in 1984 are equivalent to 1,228.53 rupees in 2019. In other words, the purchasing power of $100 in 1984 equals $1,228.53 today. The average annual inflation rate has been 7.22%.

Inflation timeline in India (1984-2019)

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 (1984-2019) 1,124.42%
Total Inflation* 1,128.53%
Annual inflation avg. (1984-2019) 7.42%
Annual inflation avg.* 7.22%
CPI 1984 9.4
CPI 2019 115.14
CPI today* 115.53
$1 in 1984 $12.24 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 35 years between 1984 and 2019 and the average inflation rate has been 7.2163%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)35 = $1,224.42

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 1984 was 9.4 and the CPI today is 115.53. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/9.4
= $1,224.42

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1984 $12.29 rupees today
$5 rupees in 1984 $61.43 rupees today
$10 rupees in 1984 $122.85 rupees today
$50 rupees in 1984 $614.26 rupees today
$100 rupees in 1984 $1,228.53 rupees today
$500 rupees in 1984 $6,142.63 rupees today
$1,000 rupees in 1984 $12,285.26 rupees today
$5,000 rupees in 1984 $61,426.29 rupees today
$10,000 rupees in 1984 $122,852.57 rupees today
$50,000 rupees in 1984 $614,262.86 rupees today
$100,000 rupees in 1984 $1,228,525.73 rupees today
$500,000 rupees in 1984 $6,142,628.64 rupees today
$1,000,000 rupees in 1984 $12,285,257.28 rupees today

Value of Rupee in time (by year)

Period Value
1984 100
1985 105.19
1986 112.7
1987 123.08
1988 134.55
1989 146.37
1990 154.3
1991 175.47
1992 198.39
1993 214.26
1994 232.78
1995 254.82
1996 279.51
1997 308.61
1998 328.01
1999 378.27
2000 380.03
2001 393.25
2002 413.53
2003 426.76
2004 442.63
2005 459.39
2006 484.96
2007 516.62
2008 545.09
2009 597.97
2010 687.47
2011 752.55
2012 801.37
2013 890.86
2014 972.22
2015 1,029.17
2016 1,094.25
2017 1,118.66
2018 1,163.4
2019 1,224.42
Today 1,228.53