INFLATION IMPACT ON INDIAN RUPEE OVER THE YEARS



       Hundred rupees note of 1947
         Image courtesy: eBay

Today's generation is looking at the rupee at today's value. However the older ones cannot digest the value between their younger days and today. Let us now compare the value of rupee between different periods.

Rs 100 in 1957 - Rs 9,851.78 in 2023
Rs 100 in 1960 - Rs 8,798.14 in 2024

Rs 10 lakhs in 1985 - Rs 58 lakhs in 2021
Rs 1 lakh in 2001 - Rs 27,000 in 2021

Rs 5000 in 1985 - Rs 73,462.25 in 2023

Exchange rate:
1947 - 1 Br pound - Rs 13.37
1947 - 1 USD - Rs 4.16
7.10.24 - 1 Br pound - Rs 110.19
7.10.24 - 1 USD - Rs 83.98

Gold price 
1947 - per 10 grms - Rs 88.62
1969 -  "      "       "    - Rs 176
1985 -  "      "       "    - Rs 2130
2000 -  "      "       "    - Rs 4400
2024 -  "      "       "    - Rs 71,860

Petrol price (per ltr)
1947 - Rs 0.27
1963 - Rs 0.72
1976 - Rs 3.11
1989 - Rs 8.50
1994 - Rs 16.78
2003 - Rs 37.70
2014 - Rs 73.16
2024 - Rs 97.00

Cars
Ambassador in 1957 - Rs 14,000
         "             in 1974 - Rs 30,000
Fiat car booked in 1960 was delivered in 1962. The price was Rs 11,575.
Fiat Premier Padmini 1980 Rs 30,000

Indebted to the data:
EZTaxes, Bankbazaar comb,
Aaj Tak and other sites.

K V George 

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