Raj, who has 738 rating points to her kitty, is behind Lizelle Lee (761) of South Africa and Alyssa Healy (750) of Australia
Veteran pacer Jhulan Goswami was at the second place among ODI bowlers, while Deepti Sharma stayed at the fifth position in the ODI all-rounder rankings.
Rahul, who scored three fifties in India's last three matches after struggling against Pakistan and New Zealand in the first two games of the T20 World Cup, moved to No 5.
At the top of the all-rounders' table, Mohammad Nabi has caught up with Shakib Al Hasan on 271 rating points.
Rizwan attains career-best fourth position in ICC men's T20I batting rankings, Kohli slips one slot to fifth
KL Rahul slipped two slots to eighth in the lastest ICC men's T20 batting rankings.
The Australians dominate the ranking chart as besides Mooney, two other from the country – skipper Meg Lanning and Alyssa Healy (6th) – feature in the top 10.
While Mithali, who retains her number one spot, is now tied in first place with Lee at 762 rating points, with Australia's Alyssa Healy in third place, India opener Smiriti Mandhana also held on to her ninth spot.
Verma is holding onto her top rank with 759 ranking points, ahead of Australian Beth Mooney (744) and India T20 vice-captain Smriti Mandhana (716).
Rohit's scores of 19 and 59 in the third Test lifted him one place to a career-best fifth position, seven rating points more than Kohli for an aggregate of 773.
Rahul, who had re-entered the rankings in 56th position last week, had scored 129 in India's first innings against England to play a big role in his side's 151-run win.
ICC Rankings: Shikhar Dhawan moves up two places to 16th in ODI batting charts, Virat Kohli remains second
Shikhar Dhawan's unbeaten 86 in the first game of the ongoing three-ODI series in Colombo helped him accumulate 712 rating points and gain two slots, while Kohli has 848 points.
In the bowlers' list, Jhulan Goswami at fifth position is the lone Indian in top-10, while Deepti Sharma holds an identical slot in the all-rounder's category.
India captain Mithali Raj displaced from top of ICC ODI batting rankings by West Indies counterpart Stafanie Taylor
Taylor recaptured the number one position in batting as well as in the list of all-rounders after a superb effort in the first ODI in Coolidge that helped the West Indies win by five wickets against Pakistan.
ICC women's T20 rankings: Shafali Verma maintains top spot; Kathryn Bryce first Scotland player to feature in top-10
The highlight of the latest list is Scotland all-rounder Bryce due to her good show, finishing as the leading scorer for her team despite losing the four-match T20 series against Ireland 1-3.
ICC rankings: Virat Kohli retains top spot in batsmen ODI rankings, Bhuvneshwar Kumar makes nine spots jump in bowling charts
Virat Kohli dropped a rung in T20 rankings and is now placed sixth.
ICC rankings: Virat Kohli moves up in T20 rankings; Jonny Bairstow reaches career-best seventh spot in ODI standings
Rohit Sharma climbed three spots to 14th in the T20 rankings.
India vs South Africa: Punam Raut among top 20 batters in ICC rankings after stellar display in ODIs
Raut, who has held a career high ranking of 13th, jumped eight places to 18th after scores of 62 not out, 77 and 104 not out in her last three matches.
With 816 rating points, Rahul is behind leader Dawid Malan (915) of England, while Kohli has 697 points in his kitty.
Virat Kohli, Rohit Sharma remain ICC's top two ODI batsmen; Jasprit Bumrah third in bowler's rankings
Kohli, who had scored 89 and 63 against Australia in his last two ODI appearance, has 870 points to his kitty.
Virat Kohli, Rohit Sharma keep top spots in ICC ODI rankings; Zak Crawley, James Anderson make big leap in Tests
Batsman Zak Crawley's monumental 267 and fast bowler James Anderson's match haul of seven wickets helped the English duo to rise exponentially in the Test rankings after the drawn final Test against Pakistan in Southampton.