The modulations of the photophysics and dynamics of an archetypal anticancer β-carboline drug, namely, harmane (HM) within AOT reverse micelles (RMs) have been explored. To this end, particular focus is given on a pH-dependent study commensurate with the effect of increasing water content within the RM interior. Our results reveal markedly different photophysical behavior of the drug encapsulated within the RM compared to that in bulk aqueous medium. For example, our results show the presence (or absence) of the cationic (or neutral) emission of HM in RMs in pH values apparently much higher (or lower) than that of pure aqueous medium. The characteristic zwitterionic emission in strongly alkaline bulk aqueous solutions (e.g., pH12.2 and 13.5) is also found to be lacking within the reverse micellar core, even in RMs with w0≥10. These data are further substantiated from the study of the dynamical aspects of the interaction scenario, that is, modulation of the fluorescence decay and rotational relaxation behaviors of HM entrapped within the RMs. Cumulatively, our results indicate the presence of a proton gradient across the reverse micellar water pool in which the interfacial regime appears to be more acidic in comparison to the central core. The results with alkaline solutions (e.g., pH10.0, 12.2 and 13.5) suggest selective compartmentalization of the hydroxide ions leaving the effective pH of the water pool lower than that of the bulk aqueous solution.