Press SAUTE on Instant Pot. Heat ghee (or oil), add chana dal and urad dal. Sauté them for about a minute until they are light brown.
Next, add mustard seeds and let them splutter. Then add green chilies, red chili, curry leaves, asafoetida, and ginger and saute for a few seconds.
Add turmeric powder and give a quick stir .
Add rinsed rice, water, salt, and give a stir.
Close the lid securely, and turn the vent to "SEALING". Select the PRESSURE COOK/MANUAL (High Pressure) setting and set the cooking time to 5 minutes.
When the instant pot beeps, allow the pressure to release naturally for 10 minutes, then release any remaining pressure before removing the lid.
Remove the lid away from you. Add roasted peanuts, lemon juice, and garnish with fresh cilantro/coriander leaves. Gently mix everything.
Lemon Rice is ready to be enjoyed with pickle, papad and raita.