osgi:install fails when settings.xml has <localRepository> defined

(JBossFuse:karaf@root> osgi:install -s mvn:org.jboss.quickstarts.fuse/beginner-camel-log/6.3.0.redhat-131
Bundle IDs: 
Error executing command: Error installing bundles:
	Unable to install bundle mvn:org.jboss.quickstarts.fuse/beginner-camel-log/6.3.0.redhat-131
JBossFuse:karaf@root> 
JBossFuse:karaf@root> 
JBossFuse:karaf@root> 
JBossFuse:karaf@root> 
JBossFuse:karaf@root> log:display
log:display              log:display-exception    
JBossFuse:karaf@root> log:display-exception 
org.apache.karaf.shell.console.MultiException: Error installing bundles:
	Unable to install bundle mvn:org.jboss.quickstarts.fuse/beginner-camel-log/6.3.0.redhat-131
	at org.apache.karaf.shell.console.MultiException.throwIf(MultiException.java:91)
	at org.apache.karaf.shell.osgi.InstallBundle.doExecute(InstallBundle.java:70)
	at org.apache.karaf.shell.console.OsgiCommandSupport.execute(OsgiCommandSupport.java:38)
	at org.apache.felix.gogo.commands.basic.AbstractCommand.execute(AbstractCommand.java:35)
	at sun.reflect.NativeMethodAccessorImpl.invoke0(Native Method)[:1.8.0_77]
	at sun.reflect.NativeMethodAccessorImpl.invoke(NativeMethodAccessorImpl.java:62)[:1.8.0_77]
	at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)[:1.8.0_77]
	at java.lang.reflect.Method.invoke(Method.java:498)[:1.8.0_77]
	at org.apache.aries.proxy.impl.ProxyHandler$1.invoke(ProxyHandler.java:54)[19:org.apache.aries.proxy.impl:1.0.5]
	at org.apache.aries.proxy.impl.ProxyHandler.invoke(ProxyHandler.java:119)[19:org.apache.aries.proxy.impl:1.0.5]
	at org.apache.karaf.shell.console.commands.$BlueprintCommand1617307955.execute(Unknown Source)[38:org.apache.karaf.shell.console:2.4.0.redhat-630131]
	at org.apache.felix.gogo.runtime.CommandProxy.execute(CommandProxy.java:78)[38:org.apache.karaf.shell.console:2.4.0.redhat-630131]
	at org.apache.felix.gogo.runtime.Closure.executeCmd(Closure.java:477)[38:org.apache.karaf.shell.console:2.4.0.redhat-630131]
	at org.apache.felix.gogo.runtime.Closure.executeStatement(Closure.java:403)[38:org.apache.karaf.shell.console:2.4.0.redhat-630131]
	at org.apache.felix.gogo.runtime.Pipe.run(Pipe.java:108)[38:org.apache.karaf.shell.console:2.4.0.redhat-630131]
	at org.apache.felix.gogo.runtime.Closure.execute(Closure.java:183)[38:org.apache.karaf.shell.console:2.4.0.redhat-630131]
	at org.apache.felix.gogo.runtime.Closure.execute(Closure.java:120)[38:org.apache.karaf.shell.console:2.4.0.redhat-630131]
	at org.apache.felix.gogo.runtime.CommandSessionImpl.execute(CommandSessionImpl.java:92)[38:org.apache.karaf.shell.console:2.4.0.redhat-630131]
	at org.apache.karaf.shell.console.jline.Console.run(Console.java:197)[38:org.apache.karaf.shell.console:2.4.0.redhat-630131]
	at org.apache.karaf.shell.console.jline.DelayedStarted.run(DelayedStarted.java:79)[38:org.apache.karaf.shell.console:2.4.0.redhat-630131]
Caused by: java.lang.Exception: Unable to install bundle mvn:org.jboss.quickstarts.fuse/beginner-camel-log/6.3.0.redhat-131
	at org.apache.karaf.shell.osgi.InstallBundle.doExecute(InstallBundle.java:45)
	... 18 more
Caused by: org.osgi.framework.BundleException: Unable to cache bundle: mvn:org.jboss.quickstarts.fuse/beginner-camel-log/6.3.0.redhat-131
	at org.apache.felix.framework.Felix.installBundle(Felix.java:2878)
	at org.apache.felix.framework.BundleContextImpl.installBundle(BundleContextImpl.java:165)
	at org.apache.karaf.shell.osgi.InstallBundle.doExecute(InstallBundle.java:43)
	... 18 more
Caused by: java.io.IOException: Error resolving artifact org.jboss.quickstarts.fuse:beginner-camel-log:jar:6.3.0.redhat-131: Could not find artifact org.jboss.quickstarts.fuse:beginner-camel-log:jar:6.3.0.redhat-131 in maven.central.repo (http://repo1.maven.org/maven2/)
	at org.ops4j.pax.url.mvn.internal.AetherBasedResolver.resolve(AetherBasedResolver.java:661)
	at org.ops4j.pax.url.mvn.internal.AetherBasedResolver.resolve(AetherBasedResolver.java:598)
	at org.ops4j.pax.url.mvn.internal.AetherBasedResolver.resolve(AetherBasedResolver.java:576)
	at org.ops4j.pax.url.mvn.internal.AetherBasedResolver.resolve(AetherBasedResolver.java:550)
	at org.ops4j.pax.url.mvn.internal.Connection.getInputStream(Connection.java:123)
	at org.apache.felix.framework.util.SecureAction.getURLConnectionInputStream(SecureAction.java:524)
	at org.apache.felix.framework.cache.JarRevision.initialize(JarRevision.java:166)
	at org.apache.felix.framework.cache.JarRevision.<init>(JarRevision.java:77)
	at org.apache.felix.framework.cache.BundleArchive.createRevisionFromLocation(BundleArchive.java:878)
	at org.apache.felix.framework.cache.BundleArchive.reviseInternal(BundleArchive.java:550)
	at org.apache.felix.framework.cache.BundleArchive.<init>(BundleArchive.java:153)
	at org.apache.felix.framework.cache.BundleCache.create(BundleCache.java:277)
	at org.apache.felix.framework.Felix.installBundle(Felix.java:2874)
	... 20 more