If suppose client does not listen on 68 port,when DHCP server receives the request, it can send it to the address from where it received request (with ephemeral port chosen by client at time of sending), then why does protocol specifies client to be listening on port 68?
Because it's in the RFC (Request for Comments) that specifies how DHCP behaves. RFC 2131 is the document that specifies how a DHCP client and server must behave.
See here for more info on DHCP (section 4.1 in particular). See here for info on what the RFCs are.