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Value of 2008 Indian Rupees today

$100 in 2008
$286.59 in 2024

The inflation rate in India between 2008 and today has been 186.59%, which translates into a total increase of $186.59. This means that 100 rupees in 2008 are equivalent to 286.59 rupees in 2024. In other words, the purchasing power of $100 in 2008 equals $286.59 today. The average annual inflation rate between these periods has been 6.8%.

Inflation timeline in India (2008 - 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 2008-2023 177.31%
Cumulative inflation 2008-today 186.59%
Avg. Annual inflation 2008-2023 7.04%
CPI 2008 54.19
CPI 2023 150.28
CPI 2024-01 (latest official data) 153.03
CPI today 155.31

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 2008 and 2023, use the corresponding CPI values:

Value2023
=Value2008 ×
CPI2023/CPI2008
=$ 100 ×
150.28/54.19
$277.31

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 155.31:

Valuetoday
=Value2008 ×
CPItoday/CPI2008
=$ 100 ×
155.31/54.19
$286.59

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 15 years between 2008 and 2023 and the average inflation rate was 7.0363%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.070363)15
$277.31

India inflation - Conversion table

Initial Value Equivalent value
$1 rupee in 2008 $2.77 rupees in 2023
$5 rupees in 2008 $13.87 rupees in 2023
$10 rupees in 2008 $27.73 rupees in 2023
$50 rupees in 2008 $138.66 rupees in 2023
$100 rupees in 2008 $277.31 rupees in 2023
$500 rupees in 2008 $1,386.56 rupees in 2023
$1,000 rupees in 2008 $2,773.11 rupees in 2023
$5,000 rupees in 2008 $13,865.55 rupees in 2023
$10,000 rupees in 2008 $27,731.1 rupees in 2023
$50,000 rupees in 2008 $138,655.5 rupees in 2023
$100,000 rupees in 2008 $277,311 rupees in 2023
$500,000 rupees in 2008 $1,386,555 rupees in 2023
$1,000,000 rupees in 2008 $2,773,110 rupees in 2023
Cumulative inflation From 2008 186.59%
Avg. annual inflation From 2008 6.8%
CPI 2008 54.19
CPI today 155.31

Value of Rupee over time (by year)

Period Value
2008 100
2009 110.88
2010 124.18
2011 135.18
2012 147.76
2013 163.88
2014 174.29
2015 184.53
2016 193.65
2017 198.47
2018 208.12
2019 224.06
2020 236.52
2021 248.09
2022 262.72
2023 277.31
2024-01 282.39
Today 286.59

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 |

Other currencies: