Value of 1992 Indian Rupees today

$100 in 1992

$619.24 today

The inflation rate in India between 1992 and today has been 519.24%, which translates into a total increase of $519.24. This means that 100 rupees in 1992 are equivalent to 619.24 rupees in 2018. In other words, the purchasing power of $100 in 1992 equals $619.24 today. The average annual inflation rate has been 6.99%.

Inflation timeline in India (1992-2019)

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 (1992-2018) 486.42%
Total Inflation* 519.24%
Annual inflation avg. (1992-2018) 7.04%
Annual inflation avg.* 6.99%
CPI 1992 18.66
CPI 2018 109.4
CPI today* 115.53
$1 in 1992 $5.86 in 2018

* 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 26 years between 1992 and 2018 and the average inflation rate has been 6.9863%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)26 = $586.42

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 1992 was 18.66 and the CPI today is 115.53. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
109.4/18.66
= $586.42

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1992 $6.19 rupees today
$5 rupees in 1992 $30.96 rupees today
$10 rupees in 1992 $61.92 rupees today
$50 rupees in 1992 $309.62 rupees today
$100 rupees in 1992 $619.24 rupees today
$500 rupees in 1992 $3,096.2 rupees today
$1,000 rupees in 1992 $6,192.4 rupees today
$5,000 rupees in 1992 $30,962.01 rupees today
$10,000 rupees in 1992 $61,924.03 rupees today
$50,000 rupees in 1992 $309,620.13 rupees today
$100,000 rupees in 1992 $619,240.26 rupees today
$500,000 rupees in 1992 $3,096,201.28 rupees today
$1,000,000 rupees in 1992 $6,192,402.56 rupees today

Value of Rupee in time (by year)

Period Value
1992 100
1993 108
1994 117.33
1995 128.44
1996 140.89
1997 155.56
1998 165.33
1999 190.67
2000 191.56
2001 198.22
2002 208.44
2003 215.11
2004 223.11
2005 231.56
2006 244.44
2007 260.4
2008 274.76
2009 301.41
2010 346.52
2011 379.33
2012 403.93
2013 449.04
2014 490.05
2015 518.76
2016 551.56
2017 563.87
2018 586.42
Today 619.24