diff --git a/Formula/rbenv.rb b/Formula/rbenv.rb
index 22cbf95d760516..b1a7c13d66e4df 100644
--- a/Formula/rbenv.rb
+++ b/Formula/rbenv.rb
@@ -1,8 +1,8 @@
 class Rbenv < Formula
   desc "Ruby version manager"
   homepage "https://github.com/rbenv/rbenv#readme"
-  url "https://github.com/rbenv/rbenv/archive/v1.1.2.tar.gz"
-  sha256 "80ad89ffe04c0b481503bd375f05c212bbc7d44ef5f5e649e0acdf25eba86736"
+  url "https://github.com/rbenv/rbenv/archive/v1.2.0.tar.gz"
+  sha256 "3f3a31b8a73c174e3e877ccc1ea453d966b4d810a2aadcd4d8c460bc9ec85e0c"
   license "MIT"
   head "https://github.com/rbenv/rbenv.git", branch: "master"
 
@@ -26,8 +26,6 @@ def install
       s.gsub! ":/usr/local/etc/rbenv.d", ":#{HOMEBREW_PREFIX}/etc/rbenv.d\\0" if HOMEBREW_PREFIX.to_s != "/usr/local"
     end
 
-    inreplace "libexec/rbenv-rehash", "$(command -v rbenv)", opt_bin/"rbenv"
-
     # Compile optional bash extension.
     system "src/configure"
     system "make", "-C", "src"