Turn the IP to 'Saute' mode in the 'More' setting. Add the olive oil, followed by the coriander powder, ginger garlic paste and the yellow curry paste. Give it a stir.
Add the chicken pieces and stir them along with the rest of the ingredients.
Add the chopped bell peppers, followed by the heaped tablespoon of creamy peanut butter. Add the shredded basil and give all the ingredients a good stir until well combined.
Add the soy sauce, followed by coconut milk. Give it a good stir, making sure that there is no residue sticking to the bottom of the pot. Add 1/2 cup of water and mix it in with the rest of the ingredients.
Now place the steel trivet insert over the chicken curry, and add 1.5 cups of pre-soaked and drained rice to a steel or heat-proof container, and place it on the trivet. Add 1 cup of water to the rice.
Put on the lid of the IP, and with the valve in 'sealing' position, switch to 'Manual' or 'Pressure cook' mode, in 'High' setting. Set the time for 5 minutes. Let the curry and rice pressure cook, and let the steam release naturally for 5 minutes. Then, lift the vent to release residual steam.
Once the pressure valve comes down, open the lid of the IP and take out the rice. Fluff up rice with a fork, and serve with Thai chicken curry.