The next operation - reduction of orbit- will be done at 11 PM on Sunday, ISRO added.
Vikram (with rover 'Pragyan' housed inside) is expected to touch down on the lunar surface on September 7, between 1.30 am and 2.30 am.
The Chandrayaan-2 spacecraft is expected to reach the moon's orbit on August 20 and land on lunar surface on September 7.
The ISRO had said it would attempt softlanding on the lunar surface on August 23.
According to ISRO officials, Earth bound orbit is a phase during which the spacecraft will remain in the Earth's sphere of influence.
All spacecraft parameters are normal, the Bengaluru headquartered space agency said after the maneuver on the spacecraft.
Two de-orbit manoeuvres of Vikram Lander, to bring it further down, have been planned to prepare for its landing in the south polar region of the moon.
Hours before Chandrayaan-2's 'Vikram' module's proposed soft landing on the Lunar surface, Indian Space Research Organisation chairman K Sivan said on Friday things are progressing as per plan for the much-awaited event.
NASA said it is looking forward to explore the solar system with its Indian counterpart.
ISRO chairman K Sivan said the proposed soft-landing was going to be a 'terrifying' moment.
Most components of technology demonstration, including the launch, orbital critical maneuvers, lander separation, de-boost and rough braking phase were successfully accomplished.
The nine-second de-orbiting or retro-orbiting manoeuvre was executed at 3.42 am using the onboard propulsion system.
Although Russia, United States and China have achieved a soft landing on the lunar surface, India is aiming at becoming the first one to explore the south pole of the Moon.