In a pan, heat 1 teaspoon of oil and roast peanuts, urad dal, chana dal, sesame seeds, dried red chilies, and curry leaves over medium-low flame until the dals become aromatic and well-roasted. Stir frequently to ensure even roasting without burning.
Then add dry coconut and roast for another minute.
Remove the roasted ingredients from the pan and allow them to cool completely. Once cooled, grind everything into a fine powder without adding any water. Keep aside.
Now, in a large Kadai, heat 1 tablespoon of oil, add peanuts, mustard seeds, and urad dal, and saute till peanuts are roasted well.
Next, add curry leaves, cumin seeds (jeera), and a pinch of hing (asafetida) to the pan, and sauté for about 30 seconds until the spices become aromatic.
Then add cooked basmati rice along with the finely ground peanut powder, and salt and give it a mix.
Cover and cook for 2-3 minutes, or until the rice fully absorbs the flavors and the dish is fragrant.
Peanut or groundnut Rice is ready and serve warm along with some papad and yogurt.