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In a press invite sent out on November 21, Microsoft has hinted at the launch of Lumia 535 in India on November 26



From Windows Central:
While the Lumia 535 sounds like an upgrade to the Lumia 530, it excels in few things like 1GB RAM, front camera, and rear camera flash, over the Lumia 630 as well.
Lumia 535 Specifications

5-inch IPS LCD (960 x 540)
1.2 GHz quad-core processor Qualcomm Snapdragon 200
1 GB RAM
8 GB storage
MicroSD card support (Up to 128 GB)
1905 mAh battery
5 MP rear camera
5 MP front-facing camera
  Microsoft Lumia 535 for India to be announced next week