I don't think your question is really valid in that there is no such thing as a "480V 50Hz" motor as far as I know. There is a 460V 60Hz design and a 380 / 400 or 415V 50Hz design, but not 460 or 480V 50Hz. None of the developed countries that use 50Hz use 480V as far as I know (some small countries and India have 440V 50Hz in some areas but I don't think they use special motors). Besides all that, current draw is the least of your problems in the scenario you describe..
A motor is designed to provide a certain amount of torque at a given speed:
HP = torque x RPM / 5250.
The design of the windings is based on providing rated torque at a ratio of Voltage and Frequency or V/Hz. So on a 460V 60Hz motor, the design is going to produce rated torque at 60Hz based on 460/60 or a V/Hz ratio of 7.67:1 If you apply a lower frequency to a motor designed for a higher one, it will not only spin slower, but it will produce less HP and the windings will be over excited because the ratio is wrong. So 460V 50Hz will give you a V/Hz ratio of 9.2:1 meaning that you are applying too much voltage for that frequency and saturating the windings, increasing the thermal losses in the motor. If on the other hand you had a motor designed for 380V 50Hz, guess what... The V/Hz ratio is 380/50 = 7.6:1, essentially the same as a 460/60 motor design!
So back to your more likely situation of having a 460V 60Hz designed motor and applying 480V 50Hz. The motor will turn 17% slower (50/60) so your HP capacity will drop by that much as well. If your load on the motor does not change, AND the motor was sized very close to the load requirements, you may end up overloading the motor. Current would increase at least 17% because the motor is producing less torque and slip in increasing. However if the motor was over sized by 20% (a common design technique), then you may be OK.
BUT... even though you may get away with it from a loading standpoint, you still may have trouble. If you are using a 60Hz designed motor and applying 50Hz at the same voltage, the motor may overheat even without being overloaded because of the motor being over saturated. If you reduced the voltage to 380 though, you would again be back in the motor's design specs. In THAT case, your current draw would then depend on the load, but assume it will be roughly the same as if it were at 460/60.