Value of 1994 Indian Rupees today

$100 in 1994

$527.23 in 2019

The inflation rate in India between 1994 and today has been 427.23%, which translates into a total increase of $427.23. This means that 100 rupees in 1994 are equivalent to 527.23 rupees in 2019. In other words, the purchasing power of $100 in 1994 equals $527.23 today. The average annual inflation rate has been 6.6%.

Inflation timeline in India (1994-2019)

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 (1994-2019) 426%
Total Inflation* 427.23%
Annual inflation avg. (1994-2019) 6.87%
Annual inflation avg.* 6.6%
CPI 1994 21.89
CPI 2019 115.14
CPI today* 115.41
$1 in 1994 $5.26 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 25 years between 1994 and 2019 and the average inflation rate has been 6.6029%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.07)25 = $526

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 1994 was 21.89 and the CPI today is 115.41. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
115.14/21.89
= $526

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1994 $5.27 rupees today
$5 rupees in 1994 $26.36 rupees today
$10 rupees in 1994 $52.72 rupees today
$50 rupees in 1994 $263.61 rupees today
$100 rupees in 1994 $527.23 rupees today
$500 rupees in 1994 $2,636.15 rupees today
$1,000 rupees in 1994 $5,272.29 rupees today
$5,000 rupees in 1994 $26,361.46 rupees today
$10,000 rupees in 1994 $52,722.91 rupees today
$50,000 rupees in 1994 $263,614.56 rupees today
$100,000 rupees in 1994 $527,229.13 rupees today
$500,000 rupees in 1994 $2,636,145.63 rupees today
$1,000,000 rupees in 1994 $5,272,291.26 rupees today

Value of Rupee in time (by year)

Period Value
1994 100
1995 109.47
1996 120.08
1997 132.58
1998 140.91
1999 162.5
2000 163.26
2001 168.94
2002 177.65
2003 183.33
2004 190.15
2005 197.35
2006 208.33
2007 221.93
2008 234.17
2009 256.89
2010 295.33
2011 323.29
2012 344.26
2013 382.71
2014 417.66
2015 442.12
2016 470.08
2017 480.57
2018 499.79
2019 526
Today 527.23