Value of 1989 Indian Rupees today

$100 in 1989

$838 in 2019

The inflation rate in India between 1989 and today has been 738%, which translates into a total increase of $738. This means that 100 rupees in 1989 are equivalent to 838 rupees in 2019. In other words, the purchasing power of $100 in 1989 equals $838 today. The average annual inflation rate has been 7.1%.

Inflation timeline in India (1989-2019)

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 (1989-2019) 736.53%
Total Inflation* 738%
Annual inflation avg. (1989-2019) 7.34%
Annual inflation avg.* 7.1%
CPI 1989 13.76
CPI 2019 115.14
CPI today* 115.34
$1 in 1989 $8.37 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 30 years between 1989 and 2019 and the average inflation rate has been 7.0982%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)30 = $836.53

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 1989 was 13.76 and the CPI today is 115.34. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/13.76
= $836.53

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1989 $8.38 rupees today
$5 rupees in 1989 $41.9 rupees today
$10 rupees in 1989 $83.8 rupees today
$50 rupees in 1989 $419 rupees today
$100 rupees in 1989 $838 rupees today
$500 rupees in 1989 $4,189.99 rupees today
$1,000 rupees in 1989 $8,379.97 rupees today
$5,000 rupees in 1989 $41,899.86 rupees today
$10,000 rupees in 1989 $83,799.72 rupees today
$50,000 rupees in 1989 $418,998.62 rupees today
$100,000 rupees in 1989 $837,997.25 rupees today
$500,000 rupees in 1989 $4,189,986.24 rupees today
$1,000,000 rupees in 1989 $8,379,972.48 rupees today

Value of Rupee in time (by year)

Period Value
1989 100
1990 105.42
1991 119.88
1992 135.54
1993 146.39
1994 159.04
1995 174.1
1996 190.96
1997 210.84
1998 224.1
1999 258.43
2000 259.64
2001 268.67
2002 282.53
2003 291.57
2004 302.41
2005 313.86
2006 331.33
2007 352.96
2008 372.41
2009 408.54
2010 469.68
2011 514.15
2012 547.5
2013 608.64
2014 664.23
2015 703.13
2016 747.6
2017 764.28
2018 794.85
2019 836.53
Today 838