diff --git a/libexec/rbenv-version-file-read b/libexec/rbenv-version-file-read
index 521a6cf9..03d2db0c 100755
--- a/libexec/rbenv-version-file-read
+++ b/libexec/rbenv-version-file-read
@@ -8,8 +8,9 @@ VERSION_FILE="$1"
 if [ -e "$VERSION_FILE" ]; then
   # Read the first non-whitespace word from the specified version file.
   # Be careful not to load it whole in case there's something crazy in it.
+  IFS="${IFS}"$'\r'
   words=( $(cut -b 1-1024 "$VERSION_FILE") )
-  version="${words[0]//$'\r'}"
+  version="${words[0]}"
 
   if [ -n "$version" ]; then
     echo "$version"