Monday's launch was postponed due to a last-minute "technical snag" which was spotted shortly before the spacecraft was set to take off, but the issue now appears to be resolved.
The Indian space agency has rectified the fault in its Geosynchronous Satellite Launch Vehicle-Mark III (GSLV-Mk III) whose Monday flight with Chandrayaan-2 spacecraft was called off one hour before its lift off.
The technical snag was observed in the launch vehicle system an hour before the launch on July 15.
India's second mission to the moon, Chandrayaan-2, is scheduled to be launched at 2.43 pm on July 22 from Sriharikota in Andhra Pradesh, the Indian Space Research Organisation announced on Thursday.
India will make a new bid to launch a landmark mission to the Moon on Monday, a week after aborting lift-off at the last minute because of a fuel leak, officials said. But at that time, it was supposed to be a joint India-Russia mission, with Russia contributing the lander and rover, while ISRO was to provide the launcher and the Orbiter.
Chandrayaan-2, which has an orbiter, lander and rover component, was originally scheduled to be launched as early as in 2010 or 2011, immediately after the 2008 Chandrayaan-1 mission.
The latest rover will head out from the landing site near the lunar south pole and conduct experiments on the surface for a period of one lunar day, which is the equivalent of 14 Earth days.
A technical snag was detected in the GSLV-MkIII rocket, ISRO's most powerful rocket built to carry heavier payloads.
It hopes the $150m mission will be the first to land on the Moon's south pole. The spacecraft is projected to head towards the South Pole of the moon for a soft landing after travelling for almost two months.
ROK central bank cuts rate, citing Japanese export curbs
South Korea's policy rate was already lower than that of the USA , which now sits in a range of 2.25 percent to 2.5 percent. The decision to cut the key rate also follows a series of downward revisions in the growth outlook for the local economy.