अन्वयः

क्षसेश्वर Lord of Rakshasas, वधार्थम् for the sake of slaying, विभीषणगृहीतौ held captive by Vibheeshana, धर्मात्मना righteous self, अमिततेजसा highly effulgent, रामेण by Rama, दृष्टवा seeing, मुक्तौ released.

M N Dutt

O lord of Rākşasas, having been taken by Vibhīşaņa for the purpose of being slain, we came to be seen by the righteous-souled Rāma of immeasurable energy, and (finally) were liberated (by him).

Summary

"O king of Rakshasas! Vibheeshana held us captive for slaying us. But righteous self, Rama, the highly effulgent one released us on seeing."

पदच्छेदः

दृष्ट्वा	दृष्ट्वा (√दृश् + क्त्वा)
धर्मात्मना	धर्म–आत्मन् (३.१)
मुक्तौ	मुक्त (√मुच् + क्त, १.२)
रामेणामिततेजसा	राम (३.१)–अमित–तेजस् (३.१)

छन्दः

अनुष्टुप् [८]

छन्दोविश्लेषणम्

१	२	३	४	५	६	७	८
वि	भी	ष	ण	गृ	ही	तौ	तु
व	धा	र्हौ	रा	क्ष	से	श्व	र
दृ	ष्ट्वा	ध	र्मा	त्म	ना	मु	क्तौ
रा	मे	णा	मि	त	ते	ज	सा