Select Sauté and add oil to cooking pot. When hot, add the onions. Cook, stirring occasionally until onion is tender, about 3 to 5 minutes.
Stir in rice and cook, stirring frequently, until rice becomes opaque, about 1 to 2 minutes. Add broth and salsa.
Lock the lid in place. Select High Pressure and a 4 minute cook time. When the cook time ends, let the pressure release naturally for 5 minutes, then finish with a quick pressure release. When the valve drops, carefully remove the lid.
Fluff rice with a fork and serve immediately.
