I tried couple of options:
- Changed the default TEMP and TMP directory paths outsiede of %APPDATA% path
- Altered permissions level for the TEMP directory locations.
This has not resolved the issue.
Checked Oracle Support Site and found this support document - ID 1569962.1 which helped to resolve the issue.
Resolution : Launch installer with the below options from command prompt:
For DB installation:
For Client Installation:
This launched the installer and installation continued.
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