Xiaomi is reportedly working on a budget friendly 5G phone in its Redmi Note series which is expected to be priced between CNY 1,000 (roughly Rs. 10,600) and CNY 1,500 (roughly Rs. 15,900).
source https://gadgets.ndtv.com/mobiles/news/xiaomi-redmi-note-phone-3c-certification-5g-connectivity-22-5w-fast-charging-2202963
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