So far, Dhoni has scored 135 runs in two unbeaten innings in the Asia Cup in Pakistan which was enough to level him with Michael Hussey and Ricky Ponting of Australia.
Meanwhile, Team India will have an opportunity to overhaul New Zealand at the third spot, but for that Dhoni's boys will have to overcome the challenge of two Asian giants - Pakistan and Sri Lanka in the Asia Cup.
Currently, India (114) is trailing New Zealand by just one point but looking at its current form, Dhoni's boys could bring a change in the rankings for ODI teams.
Pakistan captain finally struck form in the Asia Cup which helped him to move in to the top 20 batsmen as he gained seven places in latest rankings.
Former number-one Hussey slipped down the rankings but has now managed to halt that decline. The West Australian gained three places in the figures announced today after a crucial innings of 62 in the ODI against the West Indies in Grenada.
On the other hand, Ponting dropped from second position to fourth after failing to make an impression with the bat during the first two ODIs of the series.
South African captain Graeme Smith is still on top of the log as his side prepares for its upcoming Test series in England.
Meanwhile, Daniel Vettori, who led Black Caps to the series win against England is the top-ranked one-day bowler in the world at present.
A series loss at home against New Zealand meant England slip down to seventh position two points adrift of Sri Lanka in sixth spot and five ahead of the West Indies in eighth in the ICC ODI Championship.
ICC ODI Rankings (Teams):
1) Australia (128 rating pts); 2) South Africa (127); 3) New Zealand (115); 4) India (114); 5) Pakistan (110); 6) Sri Lanka (105); 7) England (103); 8) West Indies (98); 9) Bangla (46) 10) Ireland (20) and 11) Zimbabwe (18).
Players Ranking (Batsmen):
1) Graeme Smith (792 pts) 2) Sachin Tendulkar (758) 3) Mohd Yousuf (752) 4) Ricky Ponting (750) 4) Mike Hussey (750) 4) MS Dhoni (750) 7) Chanderpaul (744) 8) Matt Hayden (733) 8) AB de Villiers (733) and 10) Herschelle Gibbs (718).
1) Daniel Vettori (769) 2) Nathan Bracken (764) 3) Shane Bond (718) 4) Chaminda Vaas (693) 5) Darren Powell (686) 6) Andre Nel (682) 7) Jerome Taylor (677) 7) Brett Lee (677) 9) Shahid Afridid (672) and 10) Kyle Mills (670).