spring-cloud-starter-openfeign throwing build/resolve error for all other dependencies when added - spring-boot

Question

I am new to Micro-services and was following a course on it. Adding spring-cloud-starter-openfeign maven dependency throws a build error and all the other dependencies start complaining about resolve issues. I am using latest Spring Boot- 2.6.0 version, so I am guessing there might me compatibility issue as the spring-boot 2.6.0 is quite latest.
It's only the issue with openfeign, as I created a micro-service with spring-cloud-starter-config, and wanted another micro-service to call it's api through openfeign, but unable to do so.
Any discussion on what's wrong would be helpful.
P.S:
I am bootstrapping the project from Spring Initilaizr
I am using spring-cloud-dependencies version 2021.0.0-RC1
Adding the pom.xml for reference
<?xml version="1.0" encoding="UTF-8"?>
<project xmlns="http://maven.apache.org/POM/4.0.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 https://maven.apache.org/xsd/maven-4.0.0.xsd">
<modelVersion>4.0.0</modelVersion>
<parent>
<groupId>org.springframework.boot</groupId>
<artifactId>spring-boot-starter-parent</artifactId>
<version>2.6.0</version>
<relativePath/> <!-- lookup parent from repository -->
</parent>
<groupId>com.nikkbh.microservices</groupId>
<artifactId>currency-conversion-service</artifactId>
<version>0.0.1-SNAPSHOT</version>
<name>currency-conversion-service</name>
<description>currency-conversion-service</description>
<properties>
<java.version>17</java.version>
<spring-cloud.version>2021.0.0-RC1</spring-cloud.version>
</properties>
<dependencies>
<dependency>
<groupId>org.springframework.boot</groupId>
<artifactId>spring-boot-starter-actuator</artifactId>
</dependency>
<dependency>
<groupId>org.springframework.boot</groupId>
<artifactId>spring-boot-starter-web</artifactId>
</dependency>
<dependency>
<groupId>org.springframework.cloud</groupId>
<artifactId>spring-cloud-starter-config</artifactId>
</dependency>
<dependency>
<groupId>org.springframework.boot</groupId>
<artifactId>spring-boot-devtools</artifactId>
<scope>runtime</scope>
<optional>true</optional>
</dependency>
<dependency>
<groupId>org.projectlombok</groupId>
<artifactId>lombok</artifactId>
<optional>true</optional>
</dependency>
<dependency>
<groupId>org.springframework.boot</groupId>
<artifactId>spring-boot-starter-test</artifactId>
<scope>test</scope>
</dependency>
</dependencies>
<dependencyManagement>
<dependencies>
<dependency>
<groupId>org.springframework.cloud</groupId>
<artifactId>spring-cloud-dependencies</artifactId>
<version>${spring-cloud.version}</version>
<type>pom</type>
<scope>import</scope>
</dependency>
</dependencies>
</dependencyManagement>
<build>
<plugins>
<plugin>
<groupId>org.springframework.boot</groupId>
<artifactId>spring-boot-maven-plugin</artifactId>
<configuration>
<excludes>
<exclude>
<groupId>org.projectlombok</groupId>
<artifactId>lombok</artifactId>
</exclude>
</excludes>
</configuration>
</plugin>
</plugins>
</build>
<repositories>
<repository>
<id>spring-milestones</id>
<name>Spring Milestones</name>
<url>https://repo.spring.io/milestone</url>
<snapshots>
<enabled>false</enabled>
</snapshots>
</repository>
</repositories>
</project>