I solved the issue by uninstalling iptables-persistent from the host machine and restarting the machine. One of the rules that I have added while experimenting must have tampered with the access. I have also deleted /etc/iptables/rules.v4
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Answer by user121392 for yum in CentOS 6.9 VM insists on using ipv6 mirrors after mangling with iptables in host machine
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