Redis installation error - /deps/hiredis/libhiredis.a: No such file or directory

During compilation of redis from source, I encountered a strange error:

[root@psj redis-3.2.6]# make
cd src && make all
make[1]: Entering directory `/home/joshi/redis-3.2.6/src'
    LINK redis-server
cc: ../deps/hiredis/libhiredis.a: No such file or directory
cc: ../deps/lua/src/liblua.a: No such file or directory
cc: ../deps/jemalloc/lib/libjemalloc.a: No such file or directory
make[1]: *** [redis-server] Error 1
make[1]: Leaving directory `/home/joshi/redis-3.2.6/src'
make: *** [all] Error 2

To get rid of this error, please install the following packages through yum:

yum install gcc gcc-c++ kernel-devel -y
yum install jemalloc jemalloc-devel -y