Yes, water is boiling at ~100°C (212 F), but boiling point also depends from the pressure. If we could achieve 180°C (350 F) for water, at very high pressure, could we fry something in that water? Or oil has any other characteristics, that are important for frying? 
What I normally do is fluff up the rice- sometimes its just the top layer which is a little more moist due to condensation, but if it's watery I sometimes leave the rice cooker open for a bit and let it evaporate which works for me (although I don't know if that is how you're supposed to do it)  