The RBI's special deposit scheme for overseas Indians has mobilized over $17 billion, targeting $50 billion by September. It strengthens forex reserves, stabilizes the rupee, and addresses deposit-credit growth imbalances. The author, however, highlights the scheme's high cost; the central bank absorbing currency risk creates liabilities and distorts market pricing. Repeated reliance on "quick fixes" points to India's fragile balance of payments. The piece advocates for robust export resilience, not recurring emergency NRI deposits, despite their short-term efficacy.