setting up local repository for redhat 5 updates

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Newsgroups gmane.linux.redhat.rhn.user
Message-ID <[email protected]>
Hi All,

Is it possible to setup a local yum repository of updates available for 
Redhat 5 so that i can update Redhat 5 systems from one local 
repository.

Any pointers which can help me setup such a repository would be helpful.

Thanks and Regards,

Vishy
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