India lost their second position to Sri Lanka, while Australia maintained their place at the top of the heap.
Sri Lanka's 3-2 series win over England helped them gain one ratings point to move up to 112, the same ratings points as India. However, when ratings are calculated beyond the decimal point, Angelo Mathews' side edged out India.
In the individual rankings, Indian skipper Mahendra Singh Dhoni remained steady at sixth followed by Shikhar Dhawan at eight spot (a loss of one position).
Among the bowlers, seasoned off-spinner Ravindra Jadeja slipped a position to fifth to be only Indian in the top-10.
More From This Section
Elsewhere in the list, off-spinners James Tredwell of England and Sachitra Senanayake of Sri Lanka entered the top 20 for the first time at the end of the five-match ODI series between the two sides that finished at Edgbaston on Tuesday.
Sri Lanka claimed the five-match series 3-2 after they sealed the fifth and final ODI with a six-wicket win on Tuesday.
Tredwell jumped 18 places to a career-best 12th with 627 ratings points, while Senanayake vaulted 20 places to 13th, with 623 ratings points.
Meanwhile, Sri Lanka's Tillakaratne Dilshan moved up two places to seventh in the rankings for ODI batsmen, in the only positive movement inside the top 10.
Dilshan was the highest run-getter in the series, with 222 runs at an average of 44.40.
South Africa batsman AB de Villiers occupies the second place and Australia's George Bailey holds the third position.