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Value of 1993 Indian Rupees today

$100 in 1993
$742.57 in 2024

The inflation rate in India between 1993 and today has been 642.57%, which translates into a total increase of $642.57. This means that 100 rupees in 1993 are equivalent to 742.57 rupees in 2024. In other words, the purchasing power of $100 in 1993 equals $742.57 today. The average annual inflation rate between these periods has been 6.68%.

Inflation timeline in India (1993 - 2024)

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 1993-2023 618.98%
Cumulative inflation 1993-today 642.57%
Avg. Annual inflation 1993-2023 6.8%
CPI 1993 20.9
CPI 2023 150.28
CPI 2024-01 (latest official data) 153.03
CPI today 155.21

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 2023, use the corresponding CPI values:

Value2023
=Value1993 ×
CPI2023/CPI1993
=$ 100 ×
150.28/20.9
$718.98

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 155.21:

Valuetoday
=Value1993 ×
CPItoday/CPI1993
=$ 100 ×
155.21/20.9
$742.57

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 1993 and 2023 and the average inflation rate was 6.7965%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.067965)30
$718.98

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1993 $7.19 rupees in 2023
$5 rupees in 1993 $35.95 rupees in 2023
$10 rupees in 1993 $71.9 rupees in 2023
$50 rupees in 1993 $359.49 rupees in 2023
$100 rupees in 1993 $718.98 rupees in 2023
$500 rupees in 1993 $3,594.89 rupees in 2023
$1,000 rupees in 1993 $7,189.79 rupees in 2023
$5,000 rupees in 1993 $35,948.93 rupees in 2023
$10,000 rupees in 1993 $71,897.85 rupees in 2023
$50,000 rupees in 1993 $359,489.26 rupees in 2023
$100,000 rupees in 1993 $718,978.52 rupees in 2023
$500,000 rupees in 1993 $3,594,892.61 rupees in 2023
$1,000,000 rupees in 1993 $7,189,785.23 rupees in 2023
Cumulative inflation From 1993 642.57%
Avg. annual inflation From 1993 6.68%
CPI 1993 20.9
CPI today 155.21

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 681.16
2023 718.98
2024-01 732.16
Today 742.57

All available years

Today's value of indian rupees by year:

1957 | 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 | 2022 | 2023 |

Other currencies: