Can't install plugin in eclipse due to dependency on bundle org.eclipse.core.runtime 3.8.0

Can't install plugin in eclipse due to dependency on bundle
org.eclipse.core.runtime 3.8.0

I am getting continuous failed installation problems while installing the
Genymotion plugin for eclipse.
The error log says "It requires the bundle org.eclipse.core.runtime 3.8.0".
Error Log:
Cannot complete the install because one or more required items could not
be found.
Software being installed: Genymotion Eclipse Tools 1.0.1.201307161043
(com.genymobile.genymotion.ide.eclipse.feature.group 1.0.1.201307161043)
Missing requirement: Genymotion 1.0.1.201307161043
(com.genymobile.genymotion.ide.eclipse.plugin 1.0.1.201307161043)
requires 'bundle org.eclipse.core.runtime 3.8.0' but it could not be
found
Cannot satisfy dependency:
From: Genymotion Eclipse Tools 1.0.1.201307161043
(com.genymobile.genymotion.ide.eclipse.feature.group
1.0.1.201307161043)
To: com.genymobile.genymotion.ide.eclipse.plugin [1.0.1.201307161043]