diff --git a/openapi3/loader.go b/openapi3/loader.go
index 0b8d0e1cc..7a9e324d0 100644
--- a/openapi3/loader.go
+++ b/openapi3/loader.go
@@ -422,8 +422,35 @@ func (loader *Loader) documentPathForRecursiveRef(current *url.URL, resolvedRef
 	if loader.rootDir == "" {
 		return current
 	}
-	return &url.URL{Path: path.Join(loader.rootDir, resolvedRef)}
-
+	if resolvedRef == "" {
+		return current
+	}
+	var fragment string
+	relPath := resolvedRef
+	if idx := strings.IndexByte(relPath, '#'); idx >= 0 {
+		fragment = relPath[idx+1:]
+		relPath = relPath[:idx]
+	}
+	if relPath == "" {
+		return &url.URL{
+			Path:     current.Path,
+			Fragment: fragment,
+		}
+	}
+	respolvedPath := path.Join(loader.rootDir, relPath)
+	// Unfortunately `path.Join` remove last slash from result file.
+	// For example:
+	// ```
+	// path.Join("foo/bar/", "") == "foo/bar"
+	// ```
+	// In this workaround we try to restore last slash if needed.
+	if (resolvedRef == "" || strings.HasSuffix(resolvedRef, "/")) && !strings.HasSuffix(respolvedPath, "/") {
+		respolvedPath += "/"
+	}
+	return &url.URL{
+		Path:     respolvedPath,
+		Fragment: fragment,
+	}
 }
 
 func (loader *Loader) resolveRef(doc *T, ref string, path *url.URL) (*T, string, *url.URL, error) {