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Value of 1999 Indian Rupees today

$100 in 1999
$415.28 in 2022

The inflation rate in India between 1999 and today has been 315.28%, which translates into a total increase of $315.28. This means that 100 rupees in 1999 are equivalent to 415.28 rupees in 2022. In other words, the purchasing power of $100 in 1999 equals $415.28 today. The average annual inflation rate between these periods has been 6.39%.

Inflation timeline in India (1999 - 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 1999-2021 282.41%
Cumulative inflation 1999-today 315.28%
Avg. Annual inflation 1999-2021 6.29%
CPI 1999 35.16
CPI 2021 134.44
CPI 2022-09 (latest official data) 144.66
CPI today 146

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 1999 and 2021, use the corresponding CPI values:

Value2021
=Value1999 ×
CPI2021/CPI1999
=$ 100 ×
134.44/35.16
$382.41

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 146:

Valuetoday
=Value1999 ×
CPItoday/CPI1999
=$ 100 ×
146/35.16
$415.28

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 22 years between 1999 and 2021 and the average inflation rate was 6.2866%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.062866)22
$382.41

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 1999 $3.82 rupees in 2021
$5 rupees in 1999 $19.12 rupees in 2021
$10 rupees in 1999 $38.24 rupees in 2021
$50 rupees in 1999 $191.2 rupees in 2021
$100 rupees in 1999 $382.41 rupees in 2021
$500 rupees in 1999 $1,912.05 rupees in 2021
$1,000 rupees in 1999 $3,824.1 rupees in 2021
$5,000 rupees in 1999 $19,120.48 rupees in 2021
$10,000 rupees in 1999 $38,240.95 rupees in 2021
$50,000 rupees in 1999 $191,204.76 rupees in 2021
$100,000 rupees in 1999 $382,409.52 rupees in 2021
$500,000 rupees in 1999 $1,912,047.6 rupees in 2021
$1,000,000 rupees in 1999 $3,824,095.2 rupees in 2021
Cumulative inflation From 1999 315.28%
Avg. annual inflation From 1999 6.39%
CPI 1999 35.16
CPI today 146

Value of Rupee over time (by year)

Period Value
1999 100
2000 104.01
2001 107.94
2002 112.58
2003 116.86
2004 121.27
2005 126.42
2006 133.74
2007 142.27
2008 154.14
2009 170.92
2010 191.41
2011 208.37
2012 227.77
2013 252.62
2014 268.66
2015 284.44
2016 298.5
2017 305.93
2018 320.8
2019 345.37
2020 364.58
2021 382.41
2022-09 411.48
Today 415.28

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: