Seems like this month is turning out to be a good one for Indian gamers. With barely hours to go until the countdown on Microsoft’s site hits zero for the inevitable Xbox Live India launch announcement, we’ve come across this piece of news that is sure to bring great joy to broke gamers like ourselves.

Seventymm, India’s largest online movie rental service, has started offering Xbox 360 games on rent to its patrons. Currently, 39 games are available for you to choose from. Their charges?

• Refundable Security Deposit: Rs.999
• One Time Registration Fee: Rs.199
• Pay Per View: Rs.199 for 4 days and 3 nights.

Now for the bad news. The service is currently in beta stage and hence only available in Delhi. However, if you are not from Delhi and want the service to be started in your city, then drop them a mail and beg them to launch the service in your city as well. Considering they have a presence in most major cities as far as distributing movies is concerned, it’s only a matter of time before the game rental service is offered in other places as well.

At roughly Rs. 200 per game, it’s quite a deal for gamers like us who have blown up all their lunch money on buying legit copies and are now surviving on scraps. We hope that the service is a hit with everyone, as it can mean only good news for the gaming scene. And for our wallets as well! Especially our wallets!