diff --git a/docs/en_US/release_notes_8_7.rst b/docs/en_US/release_notes_8_7.rst
index 4d189be30..984524f0c 100644
--- a/docs/en_US/release_notes_8_7.rst
+++ b/docs/en_US/release_notes_8_7.rst
@@ -14,13 +14,14 @@ Supported Database Servers
 
 Bundled PostgreSQL Utilities
 ****************************
-**psql**, **pg_dump**, **pg_dumpall**, **pg_restore**: 16.2
+**psql**, **pg_dump**, **pg_dumpall**, **pg_restore**: 16.3
 
 
 New features
 ************
 
   | `Issue #4735 <https://github.com/pgadmin-org/pgadmin4/issues/4735>`_ -  Added support for the 'Add to macros' feature and fixed various usability issues.
+  | `Issue #6841 <https://github.com/pgadmin-org/pgadmin4/issues/6841>`_ -  Added support for executing the query at the cursor position in the query tool.
   | `Issue #7192 <https://github.com/pgadmin-org/pgadmin4/issues/7192>`_ -  Changes in Query Tool, Debugger, and ERD Tool shortcuts to remove the use of Accesskey which will allow them to be customized.
   | `Issue #7215 <https://github.com/pgadmin-org/pgadmin4/issues/7215>`_ -  Added support for viewing PGD Clusters.
   | `Issue #7411 <https://github.com/pgadmin-org/pgadmin4/issues/7411>`_ -  Enhance the Delete dialog by highlighting the names of the objects to be deleted in bold.
diff --git a/web/version.py b/web/version.py
index f28b98599..ce084be42 100644
--- a/web/version.py
+++ b/web/version.py
@@ -18,7 +18,7 @@
 
 # Application version number components
 APP_RELEASE = 8
-APP_REVISION = 6
+APP_REVISION = 7
 
 # Application version suffix, e.g. 'beta1', 'dev'. Usually an empty string
 # for GA releases.
@@ -27,7 +27,7 @@ APP_SUFFIX = ''
 # Numeric application version for upgrade checks. Should be in the format:
 # [X]XYYZZ, where X is the release version, Y is the revision, with a leading
 # zero if needed, and Z represents the suffix, with a leading zero if needed
-APP_VERSION_INT = 80600
+APP_VERSION_INT = 80700
 
 # DO NOT CHANGE!
 # The application version string, constructed from the components