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Value of 1984 Indian Rupees today

$100 in 1984
$1,487.5 in 2022

The inflation rate in India between 1984 and today has been 1,387.5%, which translates into a total increase of $1,387.5. This means that 100 rupees in 1984 are equivalent to 1,487.5 rupees in 2022. In other words, the purchasing power of $100 in 1984 equals $1,487.5 today. The average annual inflation rate between these periods has been 7.36%.

Inflation timeline in India (1984 - 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 1984-2021 1,287.44%
Cumulative inflation 1984-today 1,387.5%
Avg. Annual inflation 1984-2021 7.37%
CPI 1984 9.69
CPI 2021 134.44
CPI 2022-07 (latest official data) 143.12
CPI today 144.14

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 1984 and 2021, use the corresponding CPI values:

Value2021
=Value1984 ×
CPI2021/CPI1984
=$ 100 ×
134.44/9.69
$1,387.44

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 144.14:

Valuetoday
=Value1984 ×
CPItoday/CPI1984
=$ 100 ×
144.14/9.69
$1,487.5

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 37 years between 1984 and 2021 and the average inflation rate was 7.367%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.07367)37
$1,387.44

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1984 $13.87 rupees in 2021
$5 rupees in 1984 $69.37 rupees in 2021
$10 rupees in 1984 $138.74 rupees in 2021
$50 rupees in 1984 $693.72 rupees in 2021
$100 rupees in 1984 $1,387.44 rupees in 2021
$500 rupees in 1984 $6,937.19 rupees in 2021
$1,000 rupees in 1984 $13,874.37 rupees in 2021
$5,000 rupees in 1984 $69,371.87 rupees in 2021
$10,000 rupees in 1984 $138,743.73 rupees in 2021
$50,000 rupees in 1984 $693,718.65 rupees in 2021
$100,000 rupees in 1984 $1,387,437.3 rupees in 2021
$500,000 rupees in 1984 $6,937,186.51 rupees in 2021
$1,000,000 rupees in 1984 $13,874,373.02 rupees in 2021
Cumulative inflation From 1984 1,387.5%
Avg. annual inflation From 1984 7.36%
CPI 1984 9.69
CPI today 144.14

Value of Rupee over time (by year)

Period Value
1984 100
1985 105.56
1986 114.77
1987 124.87
1988 136.59
1989 146.25
1990 159.37
1991 181.48
1992 202.87
1993 215.71
1994 237.81
1995 262.13
1996 285.66
1997 306.12
1998 346.63
1999 362.81
2000 377.36
2001 391.62
2002 408.45
2003 424
2004 439.97
2005 458.65
2006 485.24
2007 516.16
2008 559.26
2009 620.12
2010 694.47
2011 755.98
2012 826.39
2013 916.52
2014 974.75
2015 1,031.99
2016 1,082.99
2017 1,109.96
2018 1,163.91
2019 1,253.07
2020 1,322.75
2021 1,387.44
2022-07 1,476.98
Today 1,487.5

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: