“We have seen targeted kind of intervention by the President of the Bank of India, because you can't let the markets decide what the exchange rate will be… it's not going to be the market itself leads to enlarged volatility.”

“Early intervention, particularly in education and in eye care and preventative measures that can prevent some of these negative outcomes like synkinesis, is actually super important”

“We began volatility targeting the portfolio ... its average volatility would be in approximately probably about a 15 vol in the 90s ... later ... to mute those kinds of responses, to make it more compatible with professional allocators”

“I would do volatility targeting at the portfolio level… if I would expect that the volatility going forward would be elevated, then I would cut the risk across the board at a portfolio level.”

“The Reserve Bank of India has intervened heavily to support the rupee via dollar sales from its reserves, and the rupee which fell to near record lows earlier this month has bounced back by about 2 percent following the Reserve Bank's moves.”