With 110 rating points in its kitty, India are placed below Australia (123) and second-placed New Zealand (113).
Australia has retained its number-one ranking following its 58-run victory over the West Indies in the final of the tri-series in Barbados today, but South Africa has dropped behind India in fourth place after it failed to reach the summit clash.
South Africa's three loses and one no-result has meant it has dropped two points to join India on 110 points, but behind Mahendra Singh Dhoni's side when the points are calculated beyond the decimal point.
If this is read in the context that England plus seven highest-ranked sides on the MRF Tyres ICC ODI Team Rankings as on 30 September 2017 will qualify directly for the ICC Cricket World Cup 2019, then this is a significant improvement.
Sri Lanka and England, which are in the midst of their ODI series, have also swapped places after three matches with England moving ahead of Sri Lanka.
In the MRF Tyres ICC Player Rankings for ODI batsmen, India's Virat Kohli is placed second while Rohit Sharma and Shikhar Dhawan occupy the sixth and eighth positions respectively.
South Africa's AB de Villiers has continued to lead the ODI batsmen chart while his countryman Hashim Amla is placed third.
Off-spinner Ravichandran Ashwin is the highest placed India in the 11th spot.
In the MRF Tyres ICC Player Rankings for ODI all-rounders, Australia's Mitchell Marsh has gained three places to reach sixth. The list is headed by Bangladesh's Shakib Al Hasan.
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