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Value of 2002 Indian Rupees today

$100 in 2002
$368.88 in 2022

The inflation rate in India between 2002 and today has been 268.88%, which translates into a total increase of $268.88. This means that 100 rupees in 2002 are equivalent to 368.88 rupees in 2022. In other words, the purchasing power of $100 in 2002 equals $368.88 today. The average annual inflation rate between these periods has been 6.74%.

Inflation timeline in India (2002 - 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 2002-2021 239.68%
Cumulative inflation 2002-today 268.88%
Avg. Annual inflation 2002-2021 6.65%
CPI 2002 39.58
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 2002 and 2021, use the corresponding CPI values:

Value2021
=Value2002 ×
CPI2021/CPI2002
=$ 100 ×
134.44/39.58
$339.68

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

Valuetoday
=Value2002 ×
CPItoday/CPI2002
=$ 100 ×
146/39.58
$368.88

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 19 years between 2002 and 2021 and the average inflation rate was 6.6476%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.066476)19
$339.68

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 2002 $3.4 rupees in 2021
$5 rupees in 2002 $16.98 rupees in 2021
$10 rupees in 2002 $33.97 rupees in 2021
$50 rupees in 2002 $169.84 rupees in 2021
$100 rupees in 2002 $339.68 rupees in 2021
$500 rupees in 2002 $1,698.41 rupees in 2021
$1,000 rupees in 2002 $3,396.82 rupees in 2021
$5,000 rupees in 2002 $16,984.11 rupees in 2021
$10,000 rupees in 2002 $33,968.22 rupees in 2021
$50,000 rupees in 2002 $169,841.09 rupees in 2021
$100,000 rupees in 2002 $339,682.18 rupees in 2021
$500,000 rupees in 2002 $1,698,410.89 rupees in 2021
$1,000,000 rupees in 2002 $3,396,821.79 rupees in 2021
Cumulative inflation From 2002 268.88%
Avg. annual inflation From 2002 6.74%
CPI 2002 39.58
CPI today 146

Value of Rupee over time (by year)

Period Value
2002 100
2003 103.81
2004 107.72
2005 112.29
2006 118.8
2007 126.37
2008 136.92
2009 151.82
2010 170.02
2011 185.09
2012 202.32
2013 224.39
2014 238.65
2015 252.66
2016 265.14
2017 271.75
2018 284.96
2019 306.78
2020 323.85
2021 339.68
2022-09 365.5
Today 368.88

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: