The standing Buddha wears a long robe with symmetrical folds; almost a seethrough garment (called the sangati, the robe of a monk), with its rippling folds displaying the contours of the body of Lord Buddha. The right hand is held in dharmachakra mudra and the left in varada mudra. Buddha is bestowed with various lakshanas of a divine being. Some of the major ones are a cranical bump covered with curls of hair; the long earlobes; the hairy spiral between the eyebrows (urna) (depicted here as a raised circle). The captivating smile of Buddhist compassion and beatitude plays on the serene face of Buddha.
The image stands on a lotus pedestal, oval in shape. The lotus has much importance in Hindu and Buddhist pantheons as it symbolizes self creation.
This description by Renu Rana.