रामः Rama, सुग्रीवस्य: Sugriva's, तत् वाक्यम् those words, श्रुत्वा: having heard, विमृश्यतुततः that which was nobler, हरिपुङ्गवम् leader of the Vanaras, शुभतरम् auspicious, वाक्यम् words, उवाच: spoken.

Having heard the words of the leader of Vanaras that were nobler, Rama spoke these auspicious words.