Performance Tuning :: Does Parallel Hint Works In Cursor Queries

Does parallel hint works in cursor queries? The cursor query is something like :

cursor c is
select /*+ parallel(s,8) */
from table ref_tab s ---- >>
<where condition>;

The table ref_tab hold data for a single day at any point of time and gets truncate before loading the next days data.On average the table holds around 7 million rows and doesn't contains any index (think that's fine as all together we are loading the whole set).And, we are using bulk logic with save exceptions to open the cursor and load the data into the target table.