Mandhana, who did not feature in the recently concluded ODI series against South Africa, has been replaced by New Zealand's Amy Satterthwaite at the top of the rankings.
Captain Mithali Raj and Punam Raut's 119-run stand for the third wicket fuelled the Indian run chase. Mithali was the top scorer with 66 runs while Raut scored 65. The stand was broken when Mithali fell to Marizanne Kapp.
Although the Board of Control for Cricket in India (BCCI) is yet to confirm the development, it was learnt that Mandhana picked up a knock on her toe during practice a couple of days ago.
In the first annual updates since the introduction of the women's global T20I rankings in October last year, which led to separate rankings for the two formats
On Sunday, Rodrigues uploaded a small video on her Twitter handle in which she, alongside Deol, can be seen singing a rap song for their T20I skipper.
Mandhana, who was the stand-in captain in place of regular skipper Harmanpreet Kaur in the three-match series against England, currently occupies the third spot in the batting chart with 698 points.
Chasing England's modest 119 for six, the Indians had only themselves to blame as they were on course to register a consolation win after having lost the first two matches.
The Indian women's team was at the centre of a huge controversy after its semi-final exit in the T20 World Cup owing to a bitter public spat between ODI captain Mithali and the then coach Powar.
Mithali Raj's career-best knock of 125 not out went in vain as Sri Lanka women shocked India women by three wickets in the inconsequential third and final ODI.
After India scored 112/9, thanks to Harmanpreet Singh's 56, Bangladesh managed to get over the line in the final ball of their innings.
Harmanpreet Kaur (34*) and Smriti Mandhana (38) led India's chase after Pakistan were bundled out for 72 in their allotted 20 overs, thanks to Ekta Bisht's 3 for 14.
India dished out an impressive all-round show with the bat and ball after the bowlers restricted Sri Lanka to post a total of 107/7, and chased the target with ease.
Fargana Hoque and Rumana Ahmed's unbeaten 52 and 42-run knocks helped Bangladesh chase a below-par target of 142 with seven balls to spare.
The Indian eves who had hammered hosts Malaysia by 142 runs in its opening match, put up another dominating show against Thailand to register their second consecutive victory.
Considering the dearth of quality Indian players, the Women's T20 league can be started with even four teams, something that has already been suggested by Harmanpreet and Mandhana.
BCCI is all set to organise an Indian Premier League style match for women cricketers just before the playoffs of the ongoing 11th edition.
Mandhana betters her previous record set by her against Australia in the opener and her knock is the third fastest in the shortest format of the game.
Indian bowlers bowled too many boundary-balls with as many 21 fours and six were taken off them which practically gave away the match.
The way the Indians came out all guns blazing in the first T20, it seemed the loss in the inconsequential third ODI prior to the series was just a rare bad day in office and their confidence hardly took a beating.
The three-match ODI series will be held from March 12 to March 18 in Baroda.
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