1 United Arab Emirates dirham (AED) is today worth 22.71 Indian rupees (INR).
The AED (Dhs) to INR exchange rate was last updated .
Convert INR to AED
1 Indian rupee (INR) is today worth 0.044 United Arab Emirates dirham (AED).
The INR to AED (Dhs) exchange rate was updated on Monday 4th of December 2023 at 2:23 pm GMT.
Currency Converter – UAE Dirham (AED)/Indian Rupees (INR)
Use our currency exchange rate converter to change UAE dirhams (AED) to Indian rupees (INR) and vice versa.
Currency Conversion Table – Dirhams (Dhs) to Rupees
Use the list below to quickly find the Indian rupee (INR) equivalent of a selection of UAE dirham (AED/Dhs) amounts.
- 1 AED = 22.71 INR
- 5 AED = 113.53 INR
- 10 AED = 227.07 INR
- 50 AED = 1135.34 INR
- 100 AED = 2270.68 INR
- 500 AED = 11353.42 INR
- 1000 AED = 22706.84 INR
- 5000 AED = 113534.21 INR
- 10000 AED = 227068.42 INR
- 100000 AED = 2270684.19 INR
Currency Conversion Table – Rupees to Dirhams (Dhs)
UAE dirham (AED/Dhs) equivalents for a selection of Indian rupee (INR) amounts are given below.
- 1 INR = 0.044 AED
- 5 INR = 0.22 AED
- 10 INR = 0.44 AED
- 50 INR = 2.202 AED
- 100 INR = 4.404 AED
- 500 INR = 22.02 AED
- 1000 INR = 44.04 AED
- 5000 INR = 220.198 AED
- 10000 INR = 440.396 AED
- 100000 INR = 4403.959 AED
The currency of the UAE is the United Arab Emirates dirham, also known as the Emirati dirham. It was introduced in 1973. The official abbreviation is AED but DH and Dhs are also used.
The dirham is subdivided into 100 fils and is pegged to the US dollar at a rate of 3.6725 dirhams to 1 dollar.
The dirham is issued by the Central Bank of the UAE. Notes are available in denominations of 5, 10, 20, 50, 100, 200, 500, and 1000 dirhams.
The UAE currently has six different coins in circulation, with denominations of 1 dirham, and 1, 5, 10, 25, and 50 fils. The 1, 5 and 10 fils coins are rarely used.
The currency used in India is the Indian rupee (INR). The rupee is divided into 100 paise. The name ‘rupee’ derives from the Sanskrit word rupya, meaning ‘silver coin’.
The Reserve Bank of India (RBI) is the central bank of India and regulates the Indian banking system. It was established in 1935 by the Reserve Bank of India Act, 1934. The RBI is responsible for issuing currency, maintaining monetary stability, and regulating the credit and investment system in India. It also acts as a controller of credit by influencing the volume of money supply in the economy.
In addition, the RBI provides banking services to the central and state governments and regulates the interest rates on government securities. As the regulator of the banking system, the RBI supervises and controls the activities of banks and financial institutions in India. It also plays an important role in developing and promoting the growth of the Indian economy.
Currently, RBI issues banknotes in denominations of 2, 5, 10, 20, 50, 100, 200, 500 and 2000 rupees. The value of 500 and 2000 rupee banknotes together account for 87.1% of the total value of all banknotes in circulation in 2022.
In India, banknotes are issued by the Reserve Bank in denominations of 2, 5, 10, 20, 50, 100, 200, 500 and 2000 rupees. In value terms, the share of 500 and 2000 rupee banknotes together accounted for 87.1 per cent of the total value of banknotes in circulation in 2022.
All banknotes feature Mahatma Gandhi on the obverse side. On the reverse side, banknotes typically feature a motif from Indian culture or history. For instance, the latest 500 rupee banknote features the Red Fort, while the most recent 2000 rupee banknote features the Mars Orbiter Mission space probe. As India continues to grow economically, new denominations of banknotes will likely be introduced in the future.
There are currently six coins in circulation, with denominations of 50 paise, 1, 2, 5, 10 and 20 rupees. Of these, the 1, 2 and 5 rupee coins make up the majority in both volume and value. In fact, in 2022 they accounted for 83.5 per cent of all coins by volume and 75.8 per cent by value.
Importance of UAE Dirham to Indian Rupee Exchange Rate
UAE and India have a long history of trade. Vast amounts of money flow between the two countries.
According to WITS, the trade database of the World Bank, India is one of the UAE’s largest trading partners. In 2019 exports from UAE to India were $14.67 billion. Imports to UAE from India were $26.74 billion.
|2019 Rank||2019 Exports From UAE To:||2019 Exports (US$ Billions)||2019 Export Partner Share (%)|
|2019 Rank||2019 Imports To UAE From:||2019 Imports (US$ Billions)||2019 Import Partner Share (%)|
|35||Republic of the Congo||1.57||0.54|
In February 2022, the United Arab Emirates (UAE) and India signed a Comprehensive Economic Partnership Agreement (CEPA). It came into effect in May 2022. The CEPA is a landmark agreement that is expected to boost bilateral trade between the two countries to USD 100 billion within five years.
The agreement aims to eliminate tariffs on more than 10,000 tariff lines within ten years, and it is expected to have a major impact on trading between India and the UAE. Both countries can now benefit from increased access to each other’s markets through reduced or eliminated customs duties on goods that originate in either country.
The CEPA is a historic agreement that will improve economic cooperation between the UAE and India, and bring substantial benefits to both countries.
The UAE is a renowned tourist destination that attracts people from all over the world. In the first six months of 2022, India was the top source market for Dubai with 858,000 visitors. Significant numbers of Indian tourists also visit Abu Dhabi. The UAE is popular with Indian tourists because of its climate, beaches, luxury hotels, and shopping opportunities.
The proximity of the UAE to India makes it an easy and affordable place to visit. There are direct flights between the UAE and dozens of Indian cities such as New Delhi, Mumbai, Bangalore, Hyderabad, Kolkata, and Chennai.
In addition, the UAE has a large and vibrant Indian community that makes visitors feel welcome and at home. The contribution of Indian tourists to the UAE economy is significant and greatly appreciated.
The United Arab Emirates is a country that is home to many different nationalities. According to the UN report International Migrant Stock 2020, in 2020 almost 9 million migrants were living in the UAE. This means that 88.1% of the population of the UAE are migrants. The nationality of the biggest expatriate group in the UAE is Indian. Almost 40% of all migrants living in the UAE are from India.
There are many reasons why Indian ex-pats choose to live in the UAE. One of the main reasons is the opportunity to find well-paying jobs. The UAE is a country with a booming economy and many businesses are looking for skilled workers from all over the world. Indians often have the skills and qualifications that these businesses are looking for.
Another reason why Indians choose to live in the UAE is their lifestyle. The UAE is a modern and cosmopolitan country with a lot to offer. There are many luxury hotels, resorts, and shopping malls in the UAE. Indians can enjoy a high standard of living in the UAE.
The UAE is also a convenient place to live for Indian ex-pats because it is located close to India. This makes it easy for Indians to travel back to India to visit family and friends.
Indians living in the UAE can take advantage of all that the UAE has to offer. They can find well-paying jobs, enjoy a high standard of living, and be close to their family and friends in India.
Indian businesses have been successful in the UAE for many years. Some of the most well-known businesses are run by Indian nationals, including the LuLu Group International (LuLu Hypermarket), the Landmark Group (Centrepoint, Babyshop, Splash, E-Max, Citymax Hotels, Fitness First etc.), Jashanmal, UAE Exchange, and GEMS Education.
These businesses have flourished in the UAE due to the strong Indian diaspora community and the favourable business environment. The UAE provides many incentives for businesses, including tax-free import and export, a stable currency, and a strategic location. These factors have contributed to the success of Indian businesses in the UAE.
Money Transfers from the UAE to India – Personal Remittances
The United Arab Emirates (UAE) is home to a large number of Indian migrants. According to the UN, there are almost 3.5 million Indian migrants in the UAE. Many of these migrants send money to support their families in India. They pay close attention to the dirham to rupee exchange rate.
According to the World Bank, personal remittances sent to India by migrants amounted to over $83 billion in 2020.
The Reserve Bank of India estimates that 18% of total remittances to India were received from migrants in the UAE. That’s a significant proportion, and it shows how important remittances from the UAE are to India.
Remittances from the UAE have therefore played a significant role in helping to lift millions of Indians out of poverty. They also contribute to India’s GDP. With continued economic growth in the UAE, personal remittances from migrants will likely continue to play an important role in supporting the Indian economy.
Popular AED Foreign Exchange Currency Pairs
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