yum update, IndexError: tuple index out of range

If you happen to get this error while updating server with yum update
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File “/usr/lib/python2.4/site-packages/M2Crypto/m2urllib2.py”, line 82, in https_open
h.request(req.get_method(), req.get_selector(), req.data, headers)
File “/usr/lib/python2.4/httplib.py”, line 813, in request
if v[0] != 32 or not self.auto_open:
IndexError: tuple index out of range
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disable the location aware access from rhn.

Ref:
http://kbase.redhat.com/faq/docs/DOC-16881

./arun