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Value of 1991 Indian Rupees today

$100 in 1991
$821.21 in 2022

The inflation rate in India between 1991 and today has been 721.21%, which translates into a total increase of $721.21. This means that 100 rupees in 1991 are equivalent to 821.21 rupees in 2022. In other words, the purchasing power of $100 in 1991 equals $821.21 today. The average annual inflation rate between these periods has been 7.03%.

Inflation timeline in India (1991 - 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 1991-2021 664.52%
Cumulative inflation 1991-today 721.21%
Avg. Annual inflation 1991-2021 7.02%
CPI 1991 17.59
CPI 2021 134.44
CPI 2022-07 (latest official data) 143.12
CPI today 144.41

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 1991 and 2021, use the corresponding CPI values:

Value2021
=Value1991 ×
CPI2021/CPI1991
=$ 100 ×
134.44/17.59
$764.52

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 144.41:

Valuetoday
=Value1991 ×
CPItoday/CPI1991
=$ 100 ×
144.41/17.59
$821.21

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 30 years between 1991 and 2021 and the average inflation rate was 7.0154%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.070154)30
$764.52

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1991 $7.65 rupees in 2021
$5 rupees in 1991 $38.23 rupees in 2021
$10 rupees in 1991 $76.45 rupees in 2021
$50 rupees in 1991 $382.26 rupees in 2021
$100 rupees in 1991 $764.52 rupees in 2021
$500 rupees in 1991 $3,822.59 rupees in 2021
$1,000 rupees in 1991 $7,645.19 rupees in 2021
$5,000 rupees in 1991 $38,225.94 rupees in 2021
$10,000 rupees in 1991 $76,451.87 rupees in 2021
$50,000 rupees in 1991 $382,259.36 rupees in 2021
$100,000 rupees in 1991 $764,518.73 rupees in 2021
$500,000 rupees in 1991 $3,822,593.63 rupees in 2021
$1,000,000 rupees in 1991 $7,645,187.27 rupees in 2021
Cumulative inflation From 1991 721.21%
Avg. annual inflation From 1991 7.03%
CPI 1991 17.59
CPI today 144.41

Value of Rupee over time (by year)

Period Value
1991 100
1992 111.79
1993 118.86
1994 131.04
1995 144.44
1996 157.41
1997 168.68
1998 191
1999 199.92
2000 207.94
2001 215.8
2002 225.07
2003 233.63
2004 242.44
2005 252.73
2006 267.38
2007 284.42
2008 308.17
2009 341.7
2010 382.67
2011 416.57
2012 455.36
2013 505.03
2014 537.12
2015 568.66
2016 596.76
2017 611.62
2018 641.35
2019 690.48
2020 728.88
2021 764.52
2022-07 813.86
Today 821.21

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: