The finishing mechanism of the ball-end magnetorheological finishing (BEMRF) process mainly depends on the stiffened hemispheroid, which is formed at the tool tip. Magnetorheological (MR) polishing fluid imparts strength to the polishing spot because of the effect of magnetic field strength. Behavior of this polishing fluid mainly depends on the size and shape of its constituents, volume concentration, particle size distribution, and applied magnetic field strength. A detailed study was undertaken on the role of carbonyl iron particle (CIP) size on the rheological behavior of the MR polishing fluid under various magnetic flux densities. Evaluation of the behavior of MR polishing fluid for silicon polishing was attempted through designing and fabrication of a parallel-plate magnetorheometer. Rheological characterization study was carried out using the Casson fluid model and the MR polishing fluid rheological properties, namely field-induced yield stress and shear viscosity were evaluated.