Remote execution through Ansible failing on Red Hat Satellite 6

Issue

• Remote execution through SSH working fine.
• Remote execution through Ansible failing with below error:

ERROR! Unexpected Exception, this is probably a bug: [Errno 13] Permission denied: '/usr/lib/python2.7/site-packages/idna-2.8.dist-info/METADATA'
the full traceback was:

Traceback (most recent call last):
  File "/usr/bin/ansible-playbook", line 97, in <module>
    mycli = getattr(__import__("ansible.cli.%s" % sub, fromlist=[myclass]), myclass)
  File "/usr/lib/python2.7/site-packages/ansible/cli/__init__.py", line 38, in <module>
    from ansible.inventory.manager import InventoryManager
  File "/usr/lib/python2.7/site-packages/ansible/inventory/manager.py", line 33, in <module>
    from ansible.plugins.loader import inventory_loader
.
.
  File "/usr/lib/python2.7/site-packages/pkg_resources.py", line 1421, in get_metadata
    return self._get(self._fn(self.egg_info,name))
  File "/usr/lib/python2.7/site-packages/pkg_resources.py", line 1536, in _get
    stream = open(path, 'rb')
IOError: [Errno 13] Permission denied: '/usr/lib/python2.7/site-packages/idna-2.8.dist-info/METADATA'