[INS-21003] Installer has detected that an invalid inventory pointer location file was specified

Oracle Database 12c installer throws the following error in a popup window
./runInstaller
[INS-21003] Installer has detected that an invalid inventory pointer location file was specified – Oracle 12c
Cause:
Installer is looking for a missing parameter in a central Inventory. Parameter “inst_group” is missing from the file “/etc/oraInst.loc”
Solution:
Add the valid group for “inst_group” in “/etc/oraInst.loc”

[root@oel66-79 Desktop]# cat /etc/oraInst.loc
inventory_loc=/d01/app/oraInventory
inst_group=oinstall

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