The rupee is trading flat at 61.9050.
Traders are waiting for the outcome of the ECB meet and expect choppiness later in session.
Euro was near two-year lows on concerns over further ECB stimulus.
Nifty is trading up 0.13%.
<a href="http://www.shutterstock.com/pic-107101346/stock-photo--indian-rupees-high-resolution-seamless-texture-indian-money-seamless-texture.html" target="_blank">Online</a> image via Shutterstock
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 04 2014 | 2:35 PM IST