Rinse the rice and soak at least for 10 minutes.
Add oil to the inner pot in your Instant Pot and press saute. When the oil heats up, add cashews and saute for a minute. Adding cashews is optional, but recommended.
2 tablespoon olive oil, 2 tablespoon cashews
Add jeera/cumin seeds, bay leaves, cloves, cardamom, and cinnamon, stirring constantly for a minute.
½ teaspoon cumin seeds, 1 small bay leaf, 2 green cardamom, 4 cloves, ½ inch cinnamon stick
Add chopped ginger, chopped garlic, and chopped green chilies. Continue to saute for a minute.
1 green chili, ½ inch ginger, 2 garlic cloves
Add onions and cook for 1-2 minutes. Or until it's translucent.
1 onion
Add Garam Masala, chili powder, turmeric powder, and mix well.
1 teaspoon red chili powder, ½ teaspoon garam Masala, ½ teaspoon turmeric powder
Add sliced mushrooms and coconut milk and stir continually for about 30 seconds.
8 oz mushrooms, ¼ cup coconut milk
Add salt, soaked rice, and water. Mix well.
1 cup basmati rice, 1¼ cups water, Salt to taste
Press cancel. Place the lid and close the pressure-release valve. Adjust to pressure-cook on high for 5 minutes.Let the pressure release for 10 minutes naturally then do a quick release. Fluff the rice with a fork. 1 tablespoon Cilantro