Value of 1987 Indian Rupees today

₹100 in 1987
₹1,303.99 in 2024

The inflation rate in India between 1987 and today has been 1,203.99%, which translates into a total increase of ₹1,203.99. This means that 100 rupees in 1987 are equivalent to 1,303.99 rupees in 2024. In other words, the purchasing power of ₹100 in 1987 equals ₹1,303.99 today. The average annual inflation rate between these periods has been 7.19%.

Inflation timeline in India (1987 - 2024)

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 1987-2023 1,141.97%
Cumulative inflation 1987-today 1,203.99%
Avg. Annual inflation 1987-2023 7.25%
CPI 1987 12.1
CPI 2023 150.28
CPI 2024-08 (latest official data) 157.11
CPI today 157.78

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 1987 and 2023, use the corresponding CPI values:

Value2023
=Value1987 ×
CPI2023/CPI1987
=₹ 100 ×
150.28/12.1
₹1,241.97

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 157.78:

Valuetoday
=Value1987 ×
CPItoday/CPI1987
=₹ 100 ×
157.78/12.1
₹1,303.99

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 36 years between 1987 and 2023 and the average inflation rate was 7.2487%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₹100 × (1 + 0.072487)36
₹1,241.97

India inflation - Conversion table

Initial Value Equivalent value
₹1 rupee in 1987 ₹12.42 rupees in 2023
₹5 rupees in 1987 ₹62.1 rupees in 2023
₹10 rupees in 1987 ₹124.2 rupees in 2023
₹50 rupees in 1987 ₹620.99 rupees in 2023
₹100 rupees in 1987 ₹1,241.97 rupees in 2023
₹500 rupees in 1987 ₹6,209.87 rupees in 2023
₹1,000 rupees in 1987 ₹12,419.74 rupees in 2023
₹5,000 rupees in 1987 ₹62,098.7 rupees in 2023
₹10,000 rupees in 1987 ₹124,197.4 rupees in 2023
₹50,000 rupees in 1987 ₹620,987.02 rupees in 2023
₹100,000 rupees in 1987 ₹1,241,974.03 rupees in 2023
₹500,000 rupees in 1987 ₹6,209,870.17 rupees in 2023
₹1,000,000 rupees in 1987 ₹12,419,740.33 rupees in 2023
Cumulative inflation From 1987 1,203.99%
Avg. annual inflation From 1987 7.19%
CPI 1987 12.1
CPI today 157.78

Value of Rupee over time (by year)

Period Value
1987 100
1988 109.38
1989 117.12
1990 127.63
1991 145.33
1992 162.46
1993 172.74
1994 190.44
1995 209.92
1996 228.76
1997 245.15
1998 277.59
1999 290.55
2000 302.2
2001 313.62
2002 327.1
2003 339.54
2004 352.34
2005 367.3
2006 388.59
2007 413.35
2008 447.86
2009 496.6
2010 556.14
2011 605.41
2012 661.78
2013 733.97
2014 780.6
2015 826.44
2016 867.27
2017 888.88
2018 932.08
2019 1,003.48
2020 1,059.28
2021 1,111.08
2022 1,176.64
2023 1,241.97
2024-08 1,298.43
Today 1,303.99

All available years

Today's value of indian rupees by year:

1957 | 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 | 2022 | 2023 |

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