# Value of 1999 Indian Rupees today

\$100 in 1999

\$355.45 in 2020

The inflation rate in India between 1999 and today has been 255.45%, which translates into a total increase of \$255.45. This means that 100 rupees in 1999 are equivalent to 355.45 rupees in 2020. In other words, the purchasing power of \$100 in 1999 equals \$355.45 today. The average annual inflation rate has been 5.93%.

## Inflation timeline in India (1999-2020)

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 (1999-2020) 254.88%
Total Inflation* 255.45%
Annual inflation avg. (1999-2020) 6.22%
Annual inflation avg.* 5.93%
CPI 1999 35.57
CPI 2020 126.24
CPI today* 126.44
\$1 in 1999 \$3.55 in 2020

* 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 with 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 21 years between 1999 and 2020 and the average inflation rate has been 5.934%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.06)21 = \$354.88

#### 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 1999 was 35.57 and the CPI today is 126.44. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
126.24/35.57
= \$354.88

### India inflation - Conversion table

Initial Value Equivalent value
\$1 rupee in 1999 \$3.55 rupees today
\$5 rupees in 1999 \$17.77 rupees today
\$10 rupees in 1999 \$35.55 rupees today
\$50 rupees in 1999 \$177.73 rupees today
\$100 rupees in 1999 \$355.45 rupees today
\$500 rupees in 1999 \$1,777.25 rupees today
\$1,000 rupees in 1999 \$3,554.5 rupees today
\$5,000 rupees in 1999 \$17,772.52 rupees today
\$10,000 rupees in 1999 \$35,545.04 rupees today
\$50,000 rupees in 1999 \$177,725.19 rupees today
\$100,000 rupees in 1999 \$355,450.39 rupees today
\$500,000 rupees in 1999 \$1,777,251.93 rupees today
\$1,000,000 rupees in 1999 \$3,554,503.86 rupees today

Period Value
1999 100
2000 100.47
2001 103.96
2002 109.32
2003 112.82
2004 117.02
2005 121.45
2006 128.21
2007 136.58
2008 144.1
2009 158.08
2010 181.74
2011 198.95
2012 211.85
2013 235.51
2014 257.02
2015 272.07
2016 289.28
2017 295.73
2018 307.56
2019 323.69
2020 354.88
Today 355.45