issues with urxvt

[mnjagadeesh]

Hello after recent update, urxvt is stoped working. I see below errors.
$ urxvt
urxvt: unable to load base fontset, please specify a valid one using -fn, aborting.

my .Xdefault has below settings

URxvt.urlLauncher: firefox
URxvt.matcher.button: 1
URxvt.perl-ext-common: default,matcher,mybrowser
URxvt.cursorBlink: true
URxvt.geometry: 84x26
URxvt.fading: 55%
urxvt.font: xft:Bitstream Vera Sans Mono:pixelsize=12
urxvt.boldfont: xft:Bitstream Vera Sans Mono:bold:pixelsize=12
urxvt.depth: 32
urxvt.background: rgba:0000/0000/000b/aaaa

Thanks