Value of 1996 Indian Rupees today

₹100 in 1996
₹559.38 in 2024

The inflation rate in India between 1996 and today has been 459.38%, which translates into a total increase of ₹459.38. This means that 100 rupees in 1996 are equivalent to 559.38 rupees in 2024. In other words, the purchasing power of ₹100 in 1996 equals ₹559.38 today. The average annual inflation rate between these periods has been 6.34%.

Inflation timeline in India (1996 - 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 1996-2023 442.91%
Cumulative inflation 1996-today 459.38%
Avg. Annual inflation 1996-2023 6.47%
CPI 1996 27.68
CPI 2023 150.28
CPI 2024-05 (latest official data) 154.14
CPI today 154.84

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 1996 and 2023, use the corresponding CPI values:

Value2023
=Value1996 ×
CPI2023/CPI1996
=₹ 100 ×
150.28/27.68
₹542.91

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 154.84:

Valuetoday
=Value1996 ×
CPItoday/CPI1996
=₹ 100 ×
154.84/27.68
₹559.38

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 27 years between 1996 and 2023 and the average inflation rate was 6.4663%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₹100 × (1 + 0.064663)27
₹542.91

India inflation - Conversion table

Initial Value Equivalent value
₹1 rupee in 1996 ₹5.43 rupees in 2023
₹5 rupees in 1996 ₹27.15 rupees in 2023
₹10 rupees in 1996 ₹54.29 rupees in 2023
₹50 rupees in 1996 ₹271.46 rupees in 2023
₹100 rupees in 1996 ₹542.91 rupees in 2023
₹500 rupees in 1996 ₹2,714.57 rupees in 2023
₹1,000 rupees in 1996 ₹5,429.13 rupees in 2023
₹5,000 rupees in 1996 ₹27,145.66 rupees in 2023
₹10,000 rupees in 1996 ₹54,291.32 rupees in 2023
₹50,000 rupees in 1996 ₹271,456.58 rupees in 2023
₹100,000 rupees in 1996 ₹542,913.16 rupees in 2023
₹500,000 rupees in 1996 ₹2,714,565.8 rupees in 2023
₹1,000,000 rupees in 1996 ₹5,429,131.6 rupees in 2023
Cumulative inflation From 1996 459.38%
Avg. annual inflation From 1996 6.34%
CPI 1996 27.68
CPI today 154.84

Value of Rupee over time (by year)

Period Value
1996 100
1997 107.16
1998 121.34
1999 127.01
2000 132.1
2001 137.09
2002 142.99
2003 148.43
2004 154.02
2005 160.56
2006 169.87
2007 180.69
2008 195.78
2009 217.08
2010 243.11
2011 264.65
2012 289.29
2013 320.85
2014 341.23
2015 361.27
2016 379.12
2017 388.56
2018 407.45
2019 438.66
2020 463.05
2021 485.7
2022 514.35
2023 542.91
2024-05 556.84
Today 559.38

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 |

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