Dirham Rises Against Rupee on July 16, 2025 as Open Market Rate Nears Rs 80
The United Arab Emirates dirham (AED) strengthened further against the Pakistani rupee (PKR) on July 16, 2025, with the open market selling rate reaching Rs 79.20—a rise of Rs 0.20 (+0.25%) from the previous day—while the interbank rate hovered around Rs 77.48, remaining relatively stable.
Market Snapshot
1 AED = Rs 79.20 (open market)
1 AED ≈ Rs 77.48 (interbank)
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This continues the upward trend seen throughout July, as the interbank rate moved from approximately Rs 77.26 earlier this month to recent highs around Rs 77.58 before settling slightly lower.
Experts suggest that the dirham’s stability—due to its peg to the US dollar—combined with the dollar’s strength and Pakistan’s ongoing current account challenges, has placed additional pressure on the rupee. Analysts believe that unless the State Bank intervenes or remittance flows from the Gulf region increase significantly, the AED to PKR rate could touch the Rs 80 mark in the coming weeks.
Over the past week, both interbank and open market rates have shown a gradual increase, with the open market hitting its weekly high today at Rs 79.20. The interbank rate has remained within a narrow band between Rs 77.40 and Rs 77.58.
Looking Ahead
If current economic pressures persist, the AED may continue to appreciate slightly against the rupee. However, a surge in remittances or any central bank measures could provide short-term support to the PKR.
Expert View
One currency market analyst noted that if remittance inflows continue to grow during the upcoming Eid and summer holidays, they may help stabilize the rate temporarily. Otherwise, importers and families relying on dirham-based remittances should brace for higher conversion costs in the near term.
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