Rao's announcement came after the BEST workers' union earlier Wednesday agreed to call off the stir after accepting the '10-step' pay hike to be granted to them as an interim measure by the civic transport undertaking's management.
The Brihanmumbai Electric Supply and Transport Undertaking (BEST) workers, its management and other parties concerned will now go for mediation to resolve their dispute.
The BEST workers were on strike since January 8 over their various demands, including pay hike, revision of pay scale of junior level employees and merger of BEST's budget with that of the Brihanmumbai Municipal Corporation (BMC).
A state appointed high-powered committee had earlier this week suggested that the BEST employees' salary be hiked in 10 steps as an interim measure.
But it did take any stringent action, besides sending them notices to vacate houses given by the undertaking.
It is the second-biggest mode of transport in Mumbai after local trains, which ferry over 80 lakh passengers every day.