Value of 1993 Indian Rupees today

$100 in 1993

$573.37 today

The inflation rate in India between 1993 and today has been 473.37%, which translates into a total increase of $473.37. This means that 100 rupees in 1993 are equivalent to 573.37 rupees in 2018. In other words, the purchasing power of $100 in 1993 equals $573.37 today. The average annual inflation rate has been 6.95%.

Inflation timeline in India (1993-2019)

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 (1993-2018) 442.98%
Total Inflation* 473.37%
Annual inflation avg. (1993-2018) 7%
Annual inflation avg.* 6.95%
CPI 1993 20.15
CPI 2018 109.4
CPI today* 115.53
$1 in 1993 $5.43 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 25 years between 1993 and 2018 and the average inflation rate has been 6.9475%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)25 = $542.98

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 1993 was 20.15 and the CPI today is 115.53. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
109.4/20.15
= $542.98

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1993 $5.73 rupees today
$5 rupees in 1993 $28.67 rupees today
$10 rupees in 1993 $57.34 rupees today
$50 rupees in 1993 $286.69 rupees today
$100 rupees in 1993 $573.37 rupees today
$500 rupees in 1993 $2,866.85 rupees today
$1,000 rupees in 1993 $5,733.71 rupees today
$5,000 rupees in 1993 $28,668.53 rupees today
$10,000 rupees in 1993 $57,337.06 rupees today
$50,000 rupees in 1993 $286,685.28 rupees today
$100,000 rupees in 1993 $573,370.56 rupees today
$500,000 rupees in 1993 $2,866,852.81 rupees today
$1,000,000 rupees in 1993 $5,733,705.62 rupees today

Value of Rupee in time (by year)

Period Value
1993 100
1994 108.64
1995 118.93
1996 130.45
1997 144.03
1998 153.09
1999 176.54
2000 177.37
2001 183.54
2002 193
2003 199.18
2004 206.58
2005 214.4
2006 226.34
2007 241.11
2008 254.4
2009 279.08
2010 320.85
2011 351.23
2012 374.01
2013 415.78
2014 453.75
2015 480.33
2016 510.71
2017 522.1
2018 542.98
Today 573.37