Saina today lost the quarter-finals of the Singapore Open Super Series and had also failed to defend her title in Indonesia recently.
Rising star P.V. Sindhu, who pulled out of the Singapore event Open due to an injury, also dropped a place to 12th.
In the men's singles, Parupalli Kashyap also lost a spot to be 11th while R.M.V. Gurusaidutt and Ajay Jayaram maintained their 23rd and 25th places respectively.
Sourabh Verma gained five places to 37 while Mumbai boy Anand Pawar retained 38th.
B Sai Praneeth, who beat legendary Indonesian Taufik Hidayat in his swansong tournament was closely chasing Srikkanth as he is just three placed behind his compatriot after zooming up 16 places.