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Value of 1993 Indian Rupees today

$100 in 1993
$669.12 in 2022

The inflation rate in India between 1993 and today has been 569.12%, which translates into a total increase of $569.12. This means that 100 rupees in 1993 are equivalent to 669.12 rupees in 2022. In other words, the purchasing power of $100 in 1993 equals $669.12 today. The average annual inflation rate between these periods has been 6.77%.

Inflation timeline in India (1993 - 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 1993-2021 543.21%
Cumulative inflation 1993-today 569.12%
Avg. Annual inflation 1993-2021 6.87%
CPI 1993 20.9
CPI 2021 134.44
CPI 2022-03 (latest official data) 138.82
CPI today 139.86

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 1993 and 2021, use the corresponding CPI values:

Value2021
=Value1993 ×
CPI2021/CPI1993
=$ 100 ×
134.44/20.9
$643.21

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 139.86:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=$ 100 ×
139.86/20.9
$669.12

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 28 years between 1993 and 2021 and the average inflation rate was 6.8734%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.068734)28
$643.21

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1993 $6.43 rupees in 2021
$5 rupees in 1993 $32.16 rupees in 2021
$10 rupees in 1993 $64.32 rupees in 2021
$50 rupees in 1993 $321.6 rupees in 2021
$100 rupees in 1993 $643.21 rupees in 2021
$500 rupees in 1993 $3,216.03 rupees in 2021
$1,000 rupees in 1993 $6,432.06 rupees in 2021
$5,000 rupees in 1993 $32,160.32 rupees in 2021
$10,000 rupees in 1993 $64,320.64 rupees in 2021
$50,000 rupees in 1993 $321,603.21 rupees in 2021
$100,000 rupees in 1993 $643,206.43 rupees in 2021
$500,000 rupees in 1993 $3,216,032.14 rupees in 2021
$1,000,000 rupees in 1993 $6,432,064.28 rupees in 2021
Cumulative inflation From 1993 569.12%
Avg. annual inflation From 1993 6.77%
CPI 1993 20.9
CPI today 139.86

Value of Rupee over time (by year)

Period Value
1993 100
1994 110.25
1995 121.52
1996 132.43
1997 141.92
1998 160.69
1999 168.2
2000 174.94
2001 181.55
2002 189.36
2003 196.56
2004 203.97
2005 212.63
2006 224.95
2007 239.29
2008 259.27
2009 287.48
2010 321.95
2011 350.47
2012 383.11
2013 424.89
2014 451.89
2015 478.43
2016 502.06
2017 514.57
2018 539.58
2019 580.91
2020 613.22
2021 643.21
2022-03 664.16
Today 669.12

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: