Value of 1987 Indian Rupees today

$100 in 1987

$998.56 in 2019

The inflation rate in India between 1987 and today has been 898.56%, which translates into a total increase of $898.56. This means that 100 rupees in 1987 are equivalent to 998.56 rupees in 2019. In other words, the purchasing power of $100 in 1987 equals $998.56 today. The average annual inflation rate has been 7.22%.

Inflation timeline in India (1987-2019)

The following chart ilustrates the equivalence of $100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1987-2019) 894.8%
Total Inflation* 898.56%
Annual inflation avg. (1987-2019) 7.44%
Annual inflation avg.* 7.22%
CPI 1987 11.57
CPI 2019 115.14
CPI today* 115.58
$1 in 1987 $9.95 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 32 years between 1987 and 2019 and the average inflation rate has been 7.2221%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)32 = $994.8

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 1987 was 11.57 and the CPI today is 115.58. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/11.57
= $994.8

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1987 $9.99 rupees today
$5 rupees in 1987 $49.93 rupees today
$10 rupees in 1987 $99.86 rupees today
$50 rupees in 1987 $499.28 rupees today
$100 rupees in 1987 $998.56 rupees today
$500 rupees in 1987 $4,992.82 rupees today
$1,000 rupees in 1987 $9,985.64 rupees today
$5,000 rupees in 1987 $49,928.18 rupees today
$10,000 rupees in 1987 $99,856.36 rupees today
$50,000 rupees in 1987 $499,281.81 rupees today
$100,000 rupees in 1987 $998,563.61 rupees today
$500,000 rupees in 1987 $4,992,818.05 rupees today
$1,000,000 rupees in 1987 $9,985,636.1 rupees today

Value of Rupee in time (by year)

Period Value
1987 100
1988 109.31
1989 118.92
1990 125.37
1991 142.56
1992 161.18
1993 174.08
1994 189.12
1995 207.03
1996 227.09
1997 250.73
1998 266.49
1999 307.33
2000 308.76
2001 319.5
2002 335.98
2003 346.73
2004 359.62
2005 373.23
2006 394.01
2007 419.73
2008 442.87
2009 485.83
2010 558.54
2011 611.42
2012 651.08
2013 723.79
2014 789.89
2015 836.16
2016 889.04
2017 908.87
2018 945.22
2019 994.8
Today 998.56