The renouncer who, having cast off, relinquished, all desires without remainder, moves, that is, wanders with no activity left him but the bare maintenance of life; free of longing, in whom longing has departed even for the bare life of the body; free of mine-ness, free even of the clinging 'this is mine' toward the bare possessions that the maintenance of bodily life calls for; free of the sense of I, free of the self-regard that comes of being learned and the like: such a one of settled insight, a knower of Brahman, reaches peace, the peace named extinction, marked by the ceasing of all the pain of transmigration, and becomes Brahman. This steadfastness in knowledge He praises.

This is a brief sub-gloss. For a fuller reading of this verse, see Madhusūdana, Śaṅkara, or Rāmānuja above.

'Desires' are the things desired, the objects sound and the rest. The man who, giving up all objects, sound and the rest, is there without longing and without the sense of 'mine', and free of the conceit of self in the body, which is not the self, moves about; he, beholding the self, attains peace.

Krishna unfolds this very point with 'having abandoned'. The man who, abandoning desires, that is, objects, with no longing, moves about, that is, takes his sustenance, thinking only that he sustains himself, free of the conceit of I and mine, he indeed is a true person, and he alone reaches liberation; that is the sense.