[Ilugc] Equivalent package caching software like apt-proxy for RedHat-based distros

[L. Guruprasad]

Hi all,
I am user new to RedHat-based distros and I have recently started using 
Fedora 12 after using Debian and Debian-based distros for a couple of 
years. For Debian and Ubuntu, there are package caching softwares like 
apt-proxy, apt-cacher that can be used to download the packages from the 
internet once and cache it for subsequent installs of the same package. 
Are there any such utilities for doing the same with yum?

Regards,
Guruprasad