रामे Rama, प्रव्रजिते is banished, महीपतिः king, न जीविष्यति हि will not survive, दशरथे Dasaratha, मृते is dead, तदनन्तरम् after that, विलापः lamentations, व्यक्तम् this is evident.

Now that Rama has been banished, the king will not live (long). After his death there will be evidently only lamentations.