Value of 1991 Indian Rupees today

$100 in 1991

$699.74 in 2019

The inflation rate in India between 1991 and today has been 599.74%, which translates into a total increase of $599.74. This means that 100 rupees in 1991 are equivalent to 699.74 rupees in 2019. In other words, the purchasing power of $100 in 1991 equals $699.74 today. The average annual inflation rate has been 6.94%.

Inflation timeline in India (1991-2019)

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 (1991-2019) 597.81%
Total Inflation* 599.74%
Annual inflation avg. (1991-2019) 7.18%
Annual inflation avg.* 6.94%
CPI 1991 16.5
CPI 2019 115.14
CPI today* 115.46
$1 in 1991 $6.98 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 28 years between 1991 and 2019 and the average inflation rate has been 6.9389%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)28 = $697.81

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 1991 was 16.5 and the CPI today is 115.46. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/16.5
= $697.81

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1991 $7 rupees today
$5 rupees in 1991 $34.99 rupees today
$10 rupees in 1991 $69.97 rupees today
$50 rupees in 1991 $349.87 rupees today
$100 rupees in 1991 $699.74 rupees today
$500 rupees in 1991 $3,498.72 rupees today
$1,000 rupees in 1991 $6,997.44 rupees today
$5,000 rupees in 1991 $34,987.22 rupees today
$10,000 rupees in 1991 $69,974.44 rupees today
$50,000 rupees in 1991 $349,872.19 rupees today
$100,000 rupees in 1991 $699,744.38 rupees today
$500,000 rupees in 1991 $3,498,721.91 rupees today
$1,000,000 rupees in 1991 $6,997,443.83 rupees today

Value of Rupee in time (by year)

Period Value
1991 100
1992 113.07
1993 122.11
1994 132.66
1995 145.23
1996 159.3
1997 175.88
1998 186.93
1999 215.58
2000 216.58
2001 224.12
2002 235.68
2003 243.22
2004 252.26
2005 261.81
2006 276.38
2007 294.43
2008 310.65
2009 340.79
2010 391.8
2011 428.89
2012 456.71
2013 507.71
2014 554.08
2015 586.53
2016 623.63
2017 637.54
2018 663.04
2019 697.81
Today 699.74