Microsoft launched the Lumia 530 Dual SIM smartphone Wednesday, the most affordable phone in Lumia range, in India. Priced at Rs.7,349 the phone will be available in stores from Aug-14. Coming with latest version of Windows 8.1, Lumia 530 has a 4-inch display with a screen resolution of 480X854 pixels and a 1.2Ghz quad-core Qualcomm Snapdragon processor.