This thread is resolved. Here is a description of the problem and solution.
Problem: ACF Translation for repeater fields and images isn't working properly
Solution: To translate a repeater field use the steps as mentioned here: https://www.youtube.com/watch?v=PD2i3I_CgCs
For the images fields, mark the fields and it's system fields as a copy.
Relevant Documentation: https://wpml.org/documentation/related-projects/translate-sites-built-with-acf/
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