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Ayankaran
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I suggest using a VISA or a Mastercard for the payment of GMAT FE, if the rupay card(which i do not know about) is visa or mastercard, then i think it should perfecty well.
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MartyMurray
­Hi Ayankaran.

You won't have any ID issues just beause you use someone else's card. So, I'd just try paying with the card, and if it works, you're all set.
­

Agreed. Over the years many people (myself included) used someone else's card as they had no access to a proper bank card/payment method.
You have to be logged into your account when booking the exam so make sure you do it and have the card owner there so they can confirm the charge if there is a bank OTP/etc
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