From the measurement of dielectric, ferroelectric, and magnetic properties, we observe simultaneous ferroelectric and magnetic transitions around ∼600 K in orthorhombic LuFeO3. We also observe suppression of the remanent polarization by ∼95% under a magnetic field of ∼15 kOe at room temperature. The extent of suppression of the polarization under magnetic field increases monotonically with the field. These results show that even the orthorhombic LuFeO3 is a room temperature multiferroic of type-II variety exhibiting quite a strong coupling between magnetization and polarization.