Drought stress has now become a severe threat to ensure food security in the developing world as well as in Malaysia. To dertermine physiological and molecular determinants of drought stress and screening of drought tolerant rice varieties, an experiment was conducted in a greenhouse at Universiti Putra Malaysia using eleven rice varieties and two irrigation regimes (well irrigated and water stressed). The present study indicated that traditional rice variety Puteh Perak and Siam is superior drought tolerant while IRRI 2011-IRLON Plot no: 064, MR 220 and BRRI Dhan 56 are moderately drought tolerant, and IRRI 2011-IRLON Plot no: 050 and MR 84 are drought sensitive rice variety. Drought tolerance of those varieties were measured based on rate of tiller reduction, leaf rolling score and drought score during water stress condition. Leaf rolling score was positively correlated to drought score, chlorophyll content and proline accumulation. Significant increase in the proline accumulation and antioxidant enzyme activities (peroxidase and catalase) were also observed under drought stress in all the rice varieties except Siam and Puteh Perak. All the rice varieties including drought tolerant and sensitive showed the existence of OsLEA 30 genes.