diff --git a/DESCRIPTION.rst b/DESCRIPTION.rst
index b2f9c93..13702eb 100644
--- a/DESCRIPTION.rst
+++ b/DESCRIPTION.rst
@@ -7,6 +7,9 @@ Source code is also available at: https://github.com/snowflakedb/snowflake-inges
 
 Release Notes
 -------------------------------------------------------------------------------
+- v1.0.8 (July 03, 2024)
+      - Update dependency package to newer version (requests)
+
 - v1.0.7 (January 05, 2024)
 
       - Pin dependency package to newer version (snowflake-connector-python)
diff --git a/setup.py b/setup.py
index 690236b..6c68eee 100644
--- a/setup.py
+++ b/setup.py
@@ -13,7 +13,7 @@
            "snowflake-connector-python>=3.0.3", 
            "furl",
            "cryptography",
-           "requests<=2.31.0"]
+           "requests<=2.32.3"]
 
 # If we're at version less than 3.4 - fail
 if version_info[0] < 3 or version_info[1] < 4:
diff --git a/snowflake/ingest/version.py b/snowflake/ingest/version.py
index b38c31f..f138d8f 100644
--- a/snowflake/ingest/version.py
+++ b/snowflake/ingest/version.py
@@ -1,3 +1,3 @@
 # Copyright (c) 2012-2024 Snowflake Computing Inc. All rights reserved.
 # Update this for the versions
-__version__ = '1.0.7'
+__version__ = '1.0.8'