Microsoft has slashed prices of its popular gaming console 'Xbox 360' in India, making it available at a starting price of Rs.12,990. The 4GB version of the standalone Xbox 360, earlier being sold for Rs.15,990, is now available for Rs.12,990. The 250GB Xbox 360 with Kinect and 4GB Xbox 360 with Kinect will now cost Rs.29,990 and Rs.21,990 respectively.