The chromosomes uncoil, forming chromatin again, and cytokinesis occurs, forming two non-identical daughter cells. A resting phase known as interkinesis or interphase II happens in some organisms.
First thing to remember is that interphase is a stage associated with replication of DNA, and growth. Once meiosis starts, the purpose is to produce a haploid gamete. So there is no further need of replication or growth. Hence between meiosis I and meiosis II , there is no interphase.