Thanks for the response. One question I have is - my host machine is running CentOS 7.5 and the guest image is based on RHEL 7.5. I did check following on the host machine and there is no package called qemu-kvm-rhev installed.
rpm -qa | grep qemu-kvm
qemu-kvm-1.5.3-156.el7_5.5.x86_64
qemu-kvm-common-1.5.3-156.el7_5.5.x86_64
Same results for RHEL 7.5 guest VM, it doesn't have qemu-kvm-rhev installed. Though the bug mentioned by you (id = 1613277) looks similar, it is reported on RHEL 7.6.
Is it same for CentOS 7.5 as well? And will there be a fix for CentOS based systems?
Thanks,
Sarbajit