Gesture of compassion and wish-granting
In the Varada Mudra, the open right hand is held palm outward, fingers pointing down. It represents open-handed generosity and granting of wishes.
The Varada Mudra could be switched to the left hand when combined with the Abhaya Mudra (right hand) commonly depicted in standing buddhas. The Varada Mudra is associated with the dhyani buddha Ratnasambhava and used extensively in the statues of East Asia.