The rupee opened flat on Thursday, with investors cautious on whether the latest meeting of Greek political leaders will finally result in reforms to help the country avoid a messy default.
At 9 a.m., the rupee was at 49.15 to the dollar, compared with 49.15/16 on Wednesday.
The euro dipped in early Asian trade after Greek political parties concluded marathon negotiations with the issue of pension cuts left unresolved, though hopes that a deal will soon be reached limited the damage.