RBI prematurely closed its successful forex swap facility for FCNR-B deposits, stabilizing the rupee. However, the author notes its potential high costs if the rupee slides significantly. This "quick fix" also risks inflation and only addresses symptoms, not India's fundamental current account deficit (CAD). The article firmly urges policy to prioritize a lasting solution: reducing CAD by restraining consumption and attracting greater capital inflows. Focus must be on treating the cause, not just the symptom, for truly sustainable macro-economic health.