As previous rumours suggested, Xiaomi has today officially launched a new smartphone in Singapore. The affordable Redmi 2 smartphone will be available this month, on March 17. The suggested price tag is S$169, which translates to $122 by the current rates.

The popular Redmi 2 should also launch in India these days. It is built around a 4.7-inch 720p display that is powered by a 64-bit Snapdragon 410, 1 GB of RAM, 8 GB of expandable storage and a 2,200 mAh battery. The 2 GB/16 GB variant will be available later this year.