For the current directory, you can just use a zero-length (null) directory name. You can use an initial or trailing colon, or a double colon. This is from the bash manpage, man bash
:
PATH The search path for commands. It is a colon-separated list of
directories in which the shell looks for commands (see COMMAND EXECUTION
below). A zero-length (null) directory name in the value of PATH
indicates the current directory. A null directory name may appear as two
adjacent colons, or as an initial or trailing colon. The default path
is system-dependent, and is set by the administrator who installs bash.
A common value is
``/usr/local/bin:/usr/local/sbin:/usr/bin:/usr/sbin:/bin:/sbin''.