Rawal, 66, was run-over by a train while crossing railway tracks, they said.
His body was found yesterday at 9.33 am, but the actor's kin identified him this morning, Commissioner of Railway Police Niket Kaushik told PTI.
The body was found on the tracks between Borivali and Kandivali railway stations, Kaushik said.
"Initially, we could not find anything on the body to identify. Railway Police had issued his photographs at all police stations.
After autopsy, the body was handed over to his family members, Mr Kaushik said.
Apart from 'Ramayana', Rawal had also acted in Gujarati films and TV serials.
Currently he was doing the Gujarati TV serial "Nass Nass Mei Khunnas".