In the modern period, the village was settled by Serbs, in waves from 500 to 300 years ago.

During the Bosnian War, the Serb population was exchanged and the village is now settled by Croat refugees from Dobretići.

[3] On the locality known as Mandina Gradina, between Rašćani and Mandino Selo, there was an ancient sanctuary of the Illyrian tribe of Dalmatae.

[4] Archeologist Philipp Ballif found an ancient Roman road that crossed Rašćani.

[12] Dedijer writes that the Karan family hailed from Lika, and that they arrived to Rašćani from Prisoje.

[13] As the Catholic chronicles never mentioned Rašćani, until 1867, it is possible that the village was for the whole time of the Ottoman rule, inhabited exclusively by the Eastern Orthodox Serbs.

[20] During the Bosnian War in 1992, the Croat forces isolated Rašćani, where they gathered Serbs from the Municipality of Tomislavgrad in order to protect them from the extremists.

However, they weren't adequately protected, so the extremists managed to enter the village and plunder it, harassing the civilians and eventually murdering two of them.

[citation needed] Rašćani now is settled by Croat refugees from Dobretići, expelled by the Serb forces.

In 1891, the local Serb population erected an Eastern Orthodox church on the nearby tumulus and dedicated it to the Assumption of Mary.

[citation needed] The church belongs to the Parish of Duvno, which is part of the Eparchy of Zahumlje and Herzegovina.

[25] In 1909, a building for the four-grade elementary school was erected in the neighbouring village of Mandino Selo, just between it and Rašćani.