diff --git a/bucket/rust-msvc.json b/bucket/rust-msvc.json
index 9a76aedc63..61c3bc9166 100644
--- a/bucket/rust-msvc.json
+++ b/bucket/rust-msvc.json
@@ -1,16 +1,16 @@
 {
-    "version": "1.53.0",
+    "version": "1.54.0",
     "description": "A language empowering everyone to build reliable and efficient software. (MSVC toolchain)",
     "homepage": "https://www.rust-lang.org",
     "license": "MIT|Apache-2.0",
     "architecture": {
         "64bit": {
-            "url": "https://static.rust-lang.org/dist/rust-1.53.0-x86_64-pc-windows-msvc.msi",
-            "hash": "6e7c930c0ad4cf4d12dc2dd193fdda15aa218670defd5fbe5104135aad85b5c9"
+            "url": "https://static.rust-lang.org/dist/rust-1.54.0-x86_64-pc-windows-msvc.msi",
+            "hash": "4316f84bd783d0c36cd4c108162ea72dcc841c64a57f5a1ff438a4474614d0cc"
         },
         "32bit": {
-            "url": "https://static.rust-lang.org/dist/rust-1.53.0-i686-pc-windows-msvc.msi",
-            "hash": "4a2934fd1c0262ae0ee2320a8a8dc7dd137d318206489d26593dbd2a7dee6b61"
+            "url": "https://static.rust-lang.org/dist/rust-1.54.0-i686-pc-windows-msvc.msi",
+            "hash": "511a9c095c11dad4fda08b4fc737d8a608bcdd35d6282867efa4b291dfde2693"
         }
     },
     "extract_dir": "Rust",