diff --git a/Cargo.lock b/Cargo.lock
index 8a4b94f514bd..567c0843d31c 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -5541,9 +5541,9 @@ dependencies = [
 
 [[package]]
 name = "rust_decimal"
-version = "1.37.2"
+version = "1.38.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "b203a6425500a03e0919c42d3c47caca51e79f1132046626d2c8871c5092035d"
+checksum = "c8975fc98059f365204d635119cf9c5a60ae67b841ed49b5422a9a7e56cdfac0"
 dependencies = [
  "arrayvec",
  "borsh",
diff --git a/datafusion/sqllogictest/Cargo.toml b/datafusion/sqllogictest/Cargo.toml
index e8364e0a6d7f..8f63bf84ffc9 100644
--- a/datafusion/sqllogictest/Cargo.toml
+++ b/datafusion/sqllogictest/Cargo.toml
@@ -54,7 +54,7 @@ log = { workspace = true }
 object_store = { workspace = true }
 postgres-protocol = { version = "0.6.7", optional = true }
 postgres-types = { version = "0.2.8", features = ["derive", "with-chrono-0_4"], optional = true }
-rust_decimal = { version = "1.37.2", features = ["tokio-pg"] }
+rust_decimal = { version = "1.38.0", features = ["tokio-pg"] }
 # When updating the following dependency verify that sqlite test file regeneration works correctly
 # by running the regenerate_sqlite_files.sh script.
 sqllogictest = "0.28.4"