Microsoft launched two new budget smartphone dubbed the Lumia 435 and Lumia 532. Earlier today the Lumia 532 passed through Brazil's equivalent of FCC. The Lumia 435 is the cheapest from the Redmond giant running Windows Phone OS till date.

Both handset runs Windows Phone 8.1 with Denim update and be available in Single and dual-SIM variants. It features a suite of Microsoft services which include MS Office suite (Word, Excel and PowerPoint), Outlook, Skype, OneDrive (30GB free cloud storage) and the Cortana voice assistant.

The Lumia 435 features a 4-inch WVGA LCD display and is powered by 1.2GHz dual-core Snapdragon 200 CPU, coupled with 1GB RAM and 8GB internal storage. Other features include 2-megapixl rear camer, VGA front camera and 1500mAh battery. The device will be available in bright green, bright orange, white and black.

On the other hand, the Lumia 532 feature the same specs as Lumia 435, but have a better processor and camera. It features a 4-inch WVGA display, quad-core Snapdragon 200 CPU, 1GB RAM, 8GB Internal storage, 5-megapixel rear shooter, VGA front camera and 1500mAh battery. The handset will  be available in bright green, bright orange, white and black.

The Lumia 435 and 532 will be priced at 69 EUR ($80 ; Rs. 5,000) and 79 EUR ($93 Rs.6000) respectively and will roll out in February in select regions including Asia-Pacific, Europe, India, the Middle East and Africa.