diff --git a/pkgs/development/compilers/rust/1_47.nix b/pkgs/development/compilers/rust/1_48.nix
similarity index 55%
rename from pkgs/development/compilers/rust/1_47.nix
rename to pkgs/development/compilers/rust/1_48.nix
index 8298a5d956c..b3a512e58bd 100644
--- a/pkgs/development/compilers/rust/1_47.nix
+++ b/pkgs/development/compilers/rust/1_48.nix
@@ -19,25 +19,25 @@
 } @ args:
 
 import ./default.nix {
-  rustcVersion = "1.47.0";
-  rustcSha256 = "sha256-MYXfBkxHR/LIubuMRGjt1Y/0rW0HiAyHmsGxc7do2B0=";
+  rustcVersion = "1.48.0";
+  rustcSha256 = "0fz4gbb5hp5qalrl9lcl8yw4kk7ai7wx511jb28nypbxninkwxhf";
 
   # Note: the version MUST be one version prior to the version we're
   # building
-  bootstrapVersion = "1.46.0";
+  bootstrapVersion = "1.47.0";
 
   # fetch hashes by running `print-hashes.sh 1.45.2`
   bootstrapHashes = {
-    i686-unknown-linux-gnu = "6ebd7e04dc18a36d08b9731cdb42d5caf8460e1eb41b75f3a8596c39f5e71206";
-    x86_64-unknown-linux-gnu = "e3b98bc3440fe92817881933f9564389eccb396f5f431f33d48b979fa2fbdcf5";
-    arm-unknown-linux-gnueabihf = "bb8af68565321f54608e918597083eb016ed0f9f4f3cc23f7cc5f467b934ce7f";
-    armv7-unknown-linux-gnueabihf = "7c0640879d7f2c38db60352e3c0f09e3fc6fa3bac6ca8f22cbccb1eb5e950121";
-    aarch64-unknown-linux-gnu = "f0c6d630f3dedb3db69d69ed9f833aa6b472363096f5164f1068c7001ca42aeb";
-    x86_64-apple-darwin = "82d61582a3772932432a99789c3b3bd4abe6baca339e355048ca9efb9ea5b4db";
-    powerpc64le-unknown-linux-gnu = "89e2f4761d257f017a4b6aa427f36ac0603195546fa2cfded8c899789832941c";
+    i686-unknown-linux-gnu = "84bf092130ea5216fc701871e633563fc1c01b6528f60cb0767e96cd8eec30bf";
+    x86_64-unknown-linux-gnu = "d0e11e1756a072e8e246b05d54593402813d047d12e44df281fbabda91035d96";
+    arm-unknown-linux-gnueabihf = "82e12affb47596b68d0ca64045f4eb698c10ff15406afca604e12cdd07e17b26";
+    armv7-unknown-linux-gnueabihf = "19d0fe3892a8e98f99c5aa84f4d6f260853147650cb71f2bae985c91de6c29af";
+    aarch64-unknown-linux-gnu = "753c905e89a714ab9bce6fe1397b721f29c0760c32f09d2f328af3d39919c8e6";
+    x86_64-apple-darwin = "84e5be6c5c78734deba911dcf80316be1e4c7da2c59413124d039ad96620612f";
+    powerpc64le-unknown-linux-gnu = "5760c3b1897ea70791320c2565f3eef700a3d54059027b84bbe6b8d6157f81c8";
   };
 
-  selectRustPackage = pkgs: pkgs.rust_1_47;
+  selectRustPackage = pkgs: pkgs.rust_1_48;
 
   rustcPatches = [
   ];
diff --git a/pkgs/top-level/all-packages.nix b/pkgs/top-level/all-packages.nix
index c14eff0267d..52d3a16b4b1 100644
--- a/pkgs/top-level/all-packages.nix
+++ b/pkgs/top-level/all-packages.nix
@@ -9927,15 +9927,15 @@ in
     inherit (darwin.apple_sdk.frameworks) CoreFoundation Security;
     llvmPackages = if stdenv.cc.isClang then llvmPackages_5 else llvmPackages_10;
   };
-  rust_1_47 = callPackage ../development/compilers/rust/1_47.nix {
+  rust_1_48 = callPackage ../development/compilers/rust/1_48.nix {
     inherit (darwin.apple_sdk.frameworks) CoreFoundation Security;
     llvmPackages = if stdenv.cc.isClang then llvmPackages_5 else llvmPackages_11;
   };
-  rust = rust_1_47;
+  rust = rust_1_48;
 
   rustPackages_1_45 = rust_1_45.packages.stable;
-  rustPackages_1_47 = rust_1_47.packages.stable;
-  rustPackages = rustPackages_1_47;
+  rustPackages_1_48 = rust_1_48.packages.stable;
+  rustPackages = rustPackages_1_48;
 
   inherit (rustPackages) cargo clippy rustc rustPlatform;